Why is CapitalNumbers falling/rising?
As of 01-Sep, CapitalNumbers Infotech Ltd's stock price is Rs 113.10, down 2.33%, and has underperformed its sector and the benchmark Sensex significantly over the past week and month. The stock is in a bearish trend, trading below all key moving averages, with a notable decline in delivery volume indicating reduced investor interest.
As of 01-Sep, CapitalNumbers Infotech Ltd is experiencing a decline in its stock price, currently at Rs 113.10, reflecting a decrease of Rs 2.7 or 2.33%. The stock has underperformed its sector by 3.6% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 112.15, which is a drop of 3.15%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a 55.74% drop compared to the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 5.36%, while the benchmark Sensex has only decreased by 1.56%. This indicates that CapitalNumbers is underperforming relative to the market. Over the past month, the stock has dropped 11.71%, contrasting sharply with the Sensex's minimal decline of 0.29%. This significant underperformance in both the short-term and month-to-date comparisons highlights the challenges faced by CapitalNumbers in attracting investor interest and maintaining its stock price amidst broader market conditions.
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