Why is DC Infotech falling/rising?
As of 13-Nov, DC Infotech & Communication Ltd's stock price is Rs 246.35, down 2.34%, and has lost 6.84% over the last three days, indicating a bearish trend. Despite a slight increase in investor participation, the stock's year-to-date return is -42.95%, contrasting with the positive performance of the broader market.
As of 13-Nov, DC Infotech & Communication Ltd is experiencing a decline in its stock price, currently at Rs 246.35, which reflects a decrease of Rs 5.9 or 2.34%. The stock has been underperforming, having lost 6.84% over the last three days and is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week and month shows declines of 2.51% and 1.02%, respectively, while year-to-date returns are significantly negative at -42.95%. There is a slight increase in investor participation, with delivery volume rising by 7.68% against the five-day average, but this has not been enough to counteract the overall downward movement.In the broader market context, the Sensex has shown positive returns, gaining 1.40% over the past week and 2.61% over the past month, contrasting sharply with DC Infotech's negative performance. This divergence highlights the stock's struggles relative to the benchmark, which has increased by 8.11% year-to-date. The liquidity of the stock remains adequate, allowing for trades of small sizes, but the overall sentiment appears to be negative, contributing to the stock's continued decline.
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