Why is Fonebox Retail falling/rising?
As of 08-Sep, Fonebox Retail Ltd's stock price is 89.00, reflecting a recent increase but a year-to-date decline of 22.74%. While it has outperformed its sector in the short term, it still lags behind the benchmark on a year-to-date basis.
As of 08-Sep, Fonebox Retail Ltd is experiencing a price increase, currently at 89.00, which reflects a rise of 5.5 or 6.59%. The stock has outperformed its sector today by 8.85%, indicating strong relative performance. In the past week, the stock has gained 4.09%, while over the past month, it has increased by 1.83%. However, it is important to note that the stock has a year-to-date decline of 22.74% and a significant one-year drop of 52.15%. The stock's moving averages show that it is currently higher than the 5-day, 20-day, and 50-day averages, but lower than the 100-day and 200-day averages. Additionally, there has been a decline in investor participation, with delivery volume falling by 16.67% against the 5-day average, which may indicate a lack of sustained buying interest.In the broader market context, Fonebox's short-term performance of 4.09% over the past week significantly outpaces the Sensex, which has only risen by 0.60% in the same period. This suggests that while the stock is currently gaining traction, it is still underperforming on a year-to-date basis compared to the benchmark, which has increased by 4.77%. The liquidity of the stock is adequate for trading, as it represents 2% of the 5-day average traded value. However, the absence of any positive or negative dashboard data limits the understanding of specific factors influencing the stock's recent movement.
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