Why is Filatex Fash. falling/rising?
As of 19-Nov, Filatex Fashions Ltd's stock price is Rs. 0.42, down 4.55%, and has reached a 52-week low. The stock has significantly underperformed its sector and the broader market, with a year-to-date decline of 44.00%, indicating ongoing challenges for the company.
As of 19-Nov, Filatex Fashions Ltd is experiencing a decline in its stock price, currently at Rs. 0.42, which reflects a decrease of Rs. 0.02 or 4.55%. The stock has hit a new 52-week low of Rs. 0.41 today and has underperformed its sector by 4.4%. 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, falling by 22.33% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has seen a staggering decline of 54.84%, while its performance over the last three years shows a drop of 91.62%, indicating persistent challenges for the company.In the broader market context, the Sensex has shown a positive return of 0.85% over the past week, contrasting sharply with Filatex's decline of 8.70% during the same period. This disparity highlights the stock's underperformance relative to the benchmark index. While the Sensex has gained 9.02% year-to-date, Filatex has plummeted by 44.00%, further emphasizing the stock's struggles in a generally improving market environment. The lack of available positive factors suggests that there are no significant catalysts to support a rebound in the stock price at this time.
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