Why is Fedders Holding falling/rising?
As of 09-Jul, Fedders Holding Ltd's stock price has increased to 45.84, but it has significantly underperformed over the past week, month, and year, with declines of -5.39%, -4.88%, and -49.35%, respectively. The lack of domestic mutual fund investment indicates low confidence in the company's prospects.
As of 09-Jul, Fedders Holding Ltd is experiencing a price increase, with its current price at 45.84, reflecting a change of 0.57 or 1.26% upward. Today's price summary indicates that the stock has outperformed its sector by 0.88% and has shown a trend reversal after two consecutive days of decline. However, despite this short-term gain, the stock has underperformed significantly over the past week and month, with returns of -5.39% and -4.88%, respectively. The stock's long-term performance is concerning, as it has dropped by 49.35% over the past year, while profits have decreased by 58.9%. The company has also reported negative results for the last three consecutive quarters, which contributes to its weak long-term fundamental strength.In the broader market context, Fedders Holding's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight increase of 0.15% over the past week and a gain of 1.32% over the past month. This stark difference highlights the stock's struggles, particularly as it has underperformed the market significantly over the last year, where the BSE500 generated returns of 1.43%. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its valuation and business prospects, further exacerbating the stock's challenges in the current market environment.
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