Why is Fonebox Retail falling/rising?
As of 30-Jul, Fonebox Retail Ltd's stock price is 90.00, down 1.1%, with a significant year-to-date decline of 21.88% and a 54.26% drop over the past year. The stock is underperforming its sector and the broader market, with a notable decrease in investor participation indicated by a 91.07% drop in delivery volume.
As of 30-Jul, Fonebox Retail Ltd is experiencing a decline in its stock price, currently at 90.00, which reflects a decrease of 1.0 or 1.1%. The stock has underperformed its sector today by 1.71%. In terms of returns, over the past week, the stock has dropped by 5.26%, while it has shown a modest increase of 5.57% over the past month. However, year-to-date, the stock is down significantly by 21.88%, and over the past year, it has plummeted by 54.26%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 91.07% compared to the 5-day average, indicating reduced interest in trading the stock. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Fonebox Retail's recent performance contrasts with the benchmark, the Sensex, which has declined by only 1.45% over the past week and has gained 5.12% year-to-date. This indicates that while the stock has been underperforming relative to the market, it has also struggled significantly over longer periods, particularly in the past year and year-to-date. The stock's performance is further compounded by its liquidity status, which suggests that it is liquid enough for trading, but the drastic drop in delivery volume may reflect waning investor confidence.
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