Why is Fortis Malar falling/rising?
As of 25-Jul, Fortis Malar Hospitals Ltd's stock price is Rs 68.80, down 2.41%, and has underperformed its sector. Despite a positive year-to-date return of 12.79%, recent trends show a significant decline in performance compared to the Sensex.
As of 25-Jul, Fortis Malar Hospitals Ltd is experiencing a decline in its stock price, currently at Rs 68.80, which reflects a decrease of Rs 1.7 or 2.41%. The stock has underperformed its sector by 2.96% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.56% during this period. Additionally, the stock's performance over the past week shows a decline of 5.49%, and over the past month, it has decreased by 6.01%. Although the stock has a positive year-to-date return of 12.79%, its recent performance contrasts sharply with the benchmark Sensex, which has only fallen by 0.36% in the same week.In the broader market context, Fortis Malar's short-term performance is notably weaker than the Sensex, which indicates a lack of investor confidence relative to the overall market. The stock's moving averages suggest it is currently below the 5-day, 20-day, 50-day, and 100-day averages, although it remains above the 200-day moving average. Despite a rise in investor participation, as evidenced by a 40.92% increase in delivery volume, the stock's liquidity remains adequate for trading. The high dividend yield of 3.55% may provide some support, but the overall negative sentiment and recent performance trends are contributing to the stock's decline.
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