Why is Finelistings Tec falling/rising?
As of 02-Sep, Finelistings Technologies Ltd is currently priced at Rs 30.97, reflecting a 4.98% increase. Despite recent gains, the stock has a year-to-date decline of 34.80%, indicating weaker long-term performance compared to the broader market.
As of 02-Sep, Finelistings Technologies Ltd is experiencing a price increase, currently at Rs 30.97, reflecting a rise of 1.47 or 4.98%. The stock has shown strong performance today, outperforming its sector by 6.18% and achieving a consecutive gain over the last two days with a total return of 10.21%. It opened with a gain of 4.98% and reached an intraday high of Rs 30.97. However, despite this positive movement, the stock's delivery volume has decreased by 33.33% compared to the 5-day average, indicating a potential decline in investor participation. Additionally, while the stock is trading above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages, suggesting mixed long-term sentiment. There is no information available regarding positive or negative factors that could further influence the stock's movement.In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +10.14% compared to the benchmark's -0.78%. Over the past month, however, the stock has slightly underperformed with a return of -0.42% against the Sensex's -0.55%. Year-to-date, Finelistings Technologies Ltd has seen a significant decline of 34.80%, contrasting with the Sensex's modest gain of 2.58%. This indicates that while the stock is currently experiencing a positive trend, its longer-term performance remains weak relative to the broader market.
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