Why is Dhoot Indl.Fin falling/rising?
As of 12-Sep, Dhoot Industrial Finance Ltd's stock price is Rs 264.35, down 0.58%, with a 1.73% decline over the last three days and a 2.81% drop in the past week. The stock has underperformed against the Sensex, which has gained 1.48%, and has seen a significant year-to-date decline of 31.34%.
As of 12-Sep, Dhoot Industrial Finance Ltd is experiencing a decline in its stock price, currently at Rs 264.35, which reflects a decrease of Rs 1.55 or 0.58%. The stock has been on a downward trend, having lost value for the last three days, totaling a decline of 1.73% during this period. Additionally, the stock's performance over the past week shows a decrease of 2.81%, and it has underperformed against the Sensex, which has gained 1.48% in the same timeframe. The stock's liquidity appears to be adequate, but there has been a notable drop in investor participation, with delivery volume falling by 1.2% compared to the five-day average.Broader Market Context: In the context of the broader market, Dhoot Industrial Finance Ltd's recent performance is concerning, especially when compared to the Sensex's positive return of 2.08% over the past month. The stock's year-to-date performance is particularly poor, with a decline of 31.34%, contrasting sharply with the Sensex's gain of 4.82%. This underperformance may be contributing to investor sentiment that is currently unfavorable, leading to the stock's recent price decline.
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