Why is CapitalNumbers falling/rising?
As of 25-Aug, CapitalNumbers Infotech Ltd's stock price is Rs 119.50, down 1.24% and has underperformed its sector by 3.64%. Despite a 6.60% gain over the past week, it has a negative return of 8.85% over the past month, with declining investor participation.
As of 25-Aug, CapitalNumbers Infotech Ltd is experiencing a decline in its stock price, currently at Rs 119.50, which reflects a decrease of Rs 1.5 or 1.24%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total return of -5.91% during this period. Additionally, the stock's performance today has underperformed its sector by 3.64%. While it has shown a positive return of 6.60% over the past week, it has a negative return of 8.85% over the past month. The stock's current price is higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In comparison to the benchmark, the Sensex has shown a modest gain of 0.45% over the past week, while CapitalNumbers has outperformed this benchmark during the same period. However, the stock's performance over the past month is notably worse than the Sensex, which has gained 0.21%. The IT - Software sector has gained 2.37%, indicating a broader positive trend in the market, yet CapitalNumbers has not benefited from this momentum, as evidenced by the significant drop in investor participation, with delivery volume falling by 29.26% against the 5-day average.
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