Why is Forbes Precision falling/rising?

Jun 10 2025 11:28 PM IST
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As of 10-Jun, Forbes Precision Tools & Machine Parts Ltd is seeing a price increase to Rs 214.00, up 4.98%, with strong short-term performance outpacing the Sensex. Despite recent gains, the year-to-date return remains negative at -24.81%.
As of 10-Jun, Forbes Precision Tools & Machine Parts Ltd is experiencing a price increase, with a current price of Rs 214.00, reflecting a rise of Rs 10.15 or 4.98%. The stock has shown strong performance today, outperforming its sector by 4.49% and achieving consecutive gains over the last three days, with a total return of 12.42% during this period. It opened with a gain of 4.98% and reached an intraday high of Rs 214, maintaining this price without fluctuation. Additionally, the stock's delivery volume has increased by 18.79% compared to the 5-day average, indicating rising investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.

In the broader market context, Forbes Precision's short-term performance has significantly outpaced the Sensex, with a 1-week return of 14.65% compared to the benchmark's 2.05% increase. Over the past month, the stock has risen by 24.35%, while the Sensex has only gained 3.70%. Despite this strong short-term performance, the year-to-date return for Forbes Precision remains negative at -24.81%, contrasting with the Sensex's positive return of 5.44%. This suggests that while the stock is currently experiencing a rebound, it has faced challenges earlier in the year that have impacted its overall performance relative to the market.
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