Why is Forbes Precision falling/rising?

Jun 24 2025 11:03 PM IST
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As of 24-Jun, Forbes Precision Tools & Machine Parts Ltd is priced at 212.65, down 0.63% after two consecutive days of decline totaling 4.9%. Despite a recent positive return of 16.87% over the past month, the stock is underperforming compared to the broader market and sector.
As of 24-Jun, Forbes Precision Tools & Machine Parts Ltd is currently priced at 212.65, reflecting a decrease of 1.35, or 0.63%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.9% during this period. Although the stock opened with a gain of 4.63% today and reached an intraday high of Rs 223.9, it ultimately closed lower. Over the past week, the stock has declined by 4.45%, while it has shown a positive return of 16.87% over the past month. The company maintains a low debt-to-equity ratio, which is generally favorable, but this has not been sufficient to offset the recent downward price movement.

In the broader market context, the Sensex has increased by 0.58% over the past week, indicating that the stock's short-term performance is lagging behind the benchmark. The stock's performance today underperformed the sector by 1.46%, suggesting that investor sentiment may be cautious despite rising participation, as evidenced by a 29.87% increase in delivery volume. The stock's liquidity remains adequate for trading, but its recent price movements indicate a struggle to maintain upward momentum in a generally positive market environment.
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