Why is Forcas Studio falling/rising?
As of 17-Sep, Forcas Studio Ltd's stock price is at 100.85, down 0.65 or 0.64%, and has underperformed its sector and the broader market significantly over various time frames. The stock is experiencing reduced trading interest, with a notable decline in delivery volume.
As of 17-Sep, Forcas Studio Ltd's stock price is currently at 100.85, reflecting a decrease of 0.65, or 0.64%. The stock has underperformed its sector today by 0.43%. Additionally, the stock's performance over the past week shows a decline of 0.35%, and it has fallen by 3.86% over the past month. Year-to-date, the stock is down 6.19%, and over the past year, it has decreased by 6.88%. The stock is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages. Furthermore, there has been a notable decline in investor participation, with delivery volume falling by 22.82% compared to the 5-day average, indicating reduced interest in trading the stock.In the broader market context, the Sensex has performed positively, gaining 1.43% over the past week and 2.84% over the past month, contrasting sharply with Forcas Studio's negative returns. Year-to-date, the Sensex has increased by 7.13%, while Forcas Studio has seen a significant decline. This disparity suggests that the stock is not only underperforming relative to its sector but also lagging behind the overall market trends. The lack of available positive or negative dashboard data further complicates the analysis of specific factors influencing the stock's recent movement, leaving the reasons for its decline somewhat ambiguous.
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