Why is Dhoot Indl.Fin falling/rising?
As of 19-Sep, Dhoot Industrial Finance Ltd's stock price is 262.80, down 1.55% and has declined 31.74% year-to-date. The stock has underperformed compared to the Sensex, which has gained 5.74% this year, and shows reduced investor interest with an 84.83% drop in delivery volume.
As of 19-Sep, Dhoot Industrial Finance Ltd's stock price is currently at 262.80, reflecting a decrease of 4.15, or 1.55%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.3%. Although it opened with a gain of 2.6% today and reached an intraday high of Rs 273.9, it ultimately closed lower. The stock has shown negative returns over the past week and month, with declines of 0.59% and 1.94%, respectively, and a significant year-to-date drop of 31.74%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 84.83% compared to the five-day average, indicating reduced interest in trading the stock.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.88% over the past week and 1.20% over the past month, Dhoot Industrial Finance Ltd's performance has lagged significantly. The stock's year-to-date decline of 31.74% starkly contrasts with the Sensex's positive return of 5.74% during the same period. This underperformance relative to the broader market may contribute to investor sentiment and the stock's recent price decline.
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