Why is Finelistings Tec falling/rising?
As of 08-Oct, Finelistings Technologies Ltd's stock price is Rs 26.10, down 9.91% and has fallen 14.4% over the last two days. The stock is underperforming significantly compared to the Sensex, with a year-to-date decline of 45.05%.
As of 08-Oct, Finelistings Technologies Ltd is experiencing a decline in its stock price, currently at Rs 26.10, reflecting a decrease of Rs 2.87 or 9.91%. The stock has been underperforming significantly, having fallen consecutively for the last two days with a total decline of 14.4%. Today's trading session opened with a substantial loss of 9.98%, and the stock reached an intraday low of Rs 26.08. Additionally, it has been 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 seen a drastic drop of 81.48% compared to the 5-day average, suggesting a decrease in investor participation. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the performance of Finelistings Technologies Ltd has been notably poor compared to the benchmark Sensex. Over the past week, the stock has declined by 13.00%, while the Sensex has increased by 0.98%. In the last month, the stock's performance is down 23.44%, contrasting sharply with the Sensex's modest gain of 1.22%. Year-to-date, Finelistings has seen a staggering decline of 45.05%, while the Sensex has risen by 4.65%. This stark contrast highlights the stock's significant underperformance relative to the market, contributing to the negative sentiment surrounding it.
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