Why is Available Fin. falling/rising?
As of 09-Sep, Available Finance Ltd's stock price is Rs 169.75, having increased by 0.95% today after three days of decline. Despite this short-term gain, the stock has significant year-to-date and one-year declines, indicating a concerning long-term trend.
As of 09-Sep, Available Finance Ltd's stock price is currently at Rs 169.75, reflecting an increase of Rs 1.6, or 0.95%. The stock has shown a positive trend today, gaining after three consecutive days of decline and outperforming its sector by 0.4%. It reached an intraday high of Rs 171.8, which is a 2.17% increase. However, despite this short-term gain, the stock has a year-to-date decline of 47.45% and a one-year decline of 33.69%. The delivery volume has decreased by 1.25% compared to the five-day average, indicating falling investor participation, while the stock remains liquid enough for trading.Broader Market Context: In the short term, the stock has outperformed the Sensex, which has increased by 1.18% over the past week, while Available Finance Ltd has risen by 2.32%. This indicates a positive divergence in the stock's performance relative to the broader market in the short term. However, the stock's longer-term performance remains concerning, with significant declines over the past year and three years compared to the benchmark's gains. The mixed signals from the stock's recent performance and the broader market context suggest that while there may be a temporary rebound, the overall trend remains negative.
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