Why is Finelistings Tec falling/rising?
As of 13-Nov, Finelistings Technologies Ltd's stock price is Rs 23.77, down 5.0% and nearing its 52-week low. The stock has underperformed significantly, with a year-to-date return of -49.96%, contrasting sharply with the Sensex's gain of 8.11%.
As of 13-Nov, Finelistings Technologies Ltd is experiencing a decline in its stock price, currently at Rs 23.77, which represents a decrease of Rs 1.25 or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.72% during this period. Additionally, it is trading close to its 52-week low, just 2.65% away from Rs 23.14. The stock has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume by 150% on November 12, the stock's overall performance remains weak, as it underperformed its sector by 4.42%.In the broader market context, Finelistings Technologies Ltd has significantly lagged behind the Sensex, with a year-to-date return of -49.96% compared to the Sensex's gain of 8.11%. Over the past week, the stock has decreased by 5.22%, while the Sensex has risen by 1.40%. This stark contrast highlights the stock's struggles in a generally positive market environment. The erratic trading pattern, with the stock not trading on two days out of the last twenty, further contributes to its volatility and lack of investor confidence, exacerbating its downward trajectory.
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