Why is Fortis Malar falling/rising?
As of 11-Nov, Fortis Malar Hospitals Ltd's stock price is declining at 64.60, down 0.77%, and has fallen 2.02% over the last two days. It is trading below all major moving averages, indicating a bearish trend, and has underperformed compared to the broader market.
As of 11-Nov, Fortis Malar Hospitals Ltd is experiencing a decline in its stock price, currently at 64.60, which reflects a decrease of 0.5 or 0.77%. The stock has been losing value for the last two days, resulting in a total drop of 2.02% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 38.02% compared to the 5-day average, suggesting a reduction in investor participation. While the stock has shown a positive year-to-date return of 5.90% and a one-year return of 20.75%, its recent performance has been underwhelming compared to the benchmark.In the broader market context, the Sensex has gained 0.49% over the past week and 1.66% over the past month, contrasting with Fortis Malar's declines of 1.10% and 5.31% respectively during the same periods. This underperformance relative to the benchmark indicates that the stock is not keeping pace with the overall market, which may be contributing to investor concerns. The lack of positive factors highlighted in the data further emphasizes the challenges the stock is facing in the current market environment.
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