Why is Forge Auto falling/rising?

Jul 28 2025 11:12 PM IST
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As of 28-Jul, Forge Auto International Ltd is priced at 135.00, down 3.43%, but has shown strong weekly and monthly returns of +3.45% and +40.62%. Despite outperforming the market recently, it underperformed its sector today, which may have influenced the price drop.
As of 28-Jul, Forge Auto International Ltd is currently priced at 135.00, reflecting a decrease of 4.8, or 3.43%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of +3.45% and +40.62%, respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Investor participation has also increased, with a delivery volume rise of 14.29% against the 5-day average, suggesting heightened interest in the stock. However, it is noted that the stock underperformed its sector by 1.85% today, which may have contributed to the current price drop.

In the broader market context, the Sensex has experienced a decline of 1.63% over the past week and a decrease of 3.73% over the past month, contrasting with Forge Auto's positive returns during the same periods. This indicates that while Forge Auto has outperformed the benchmark in the short term, the overall market sentiment may still be affecting its price negatively today. The lack of specific positive or negative factors in the dashboard means that there are no additional insights to clarify the reasons behind the stock's current movement.
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Our weekly and monthly stock recommendations are here
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