Why is First Custodian falling/rising?
As of 12-Nov, First Custodian Fund(I) Ltd's stock price is at 91.79, up 1.43% over three days, but delivery volume has dropped significantly by 83.32%. Despite recent gains, the stock is down 39.21% year-to-date, lagging behind the Sensex, which has increased 8.10% this year.
As of 12-Nov, First Custodian Fund(I) Ltd's stock price is currently at 91.79, reflecting an increase of 1.29 or 1.43%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 3.61% during this period. It has outperformed its sector by 0.74% today and reached an intraday high of Rs 93, indicating positive momentum. However, it is important to note that the delivery volume has significantly decreased by 83.32% compared to the 5-day average, suggesting a decline in investor participation. The stock's performance over the past week shows a return of 6.28%, while it has also posted a 9.36% increase over the last month, although it remains down 39.21% year-to-date.In the broader market context, the Sensex has increased by 1.21% over the past week and 2.38% over the last month, indicating that while First Custodian is performing well in the short term, it is still lagging behind the benchmark on a year-to-date basis, where the Sensex has gained 8.10%. The stock's long-term performance is more favorable, with a 75.84% increase over the past three years and a remarkable 182.00% rise over the last five years, significantly outperforming the benchmark's returns in those periods. Overall, while the stock is experiencing a positive short-term trend, the drop in investor participation may raise concerns about its sustainability moving forward.
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