Why is Fortune Interntl falling/rising?
As of 10-Jul, Fortune International Ltd is priced at 56.00, down 5.55%, and has significantly underperformed its sector and the Sensex, with a year-to-date decline of 26.56%. The stock is experiencing high volatility and a substantial drop in investor participation, indicating ongoing challenges.
As of 10-Jul, Fortune International Ltd is currently priced at 56.00, reflecting a decrease of 3.29, or 5.55%. The stock has underperformed its sector today by 6.5%, reaching an intraday low of Rs 53.39, which represents a decline of 9.95%. The stock has shown high volatility with an intraday volatility of 5.82% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 78.01% compared to the 5-day average. The stock's performance over the past month shows a decline of 8.20%, while year-to-date it has decreased by 26.56%, despite a positive return of 9.80% over the past year.In the broader market context, the Sensex has remained relatively stable, with a slight decline of 0.06% over the past week and a gain of 6.46% year-to-date. Compared to the benchmark, Fortune International Ltd's short-term performance has been notably weaker, as it has underperformed the Sensex significantly in both the 1-week and year-to-date periods. This disparity indicates that while the broader market has shown resilience, Fortune International Ltd is facing challenges that are contributing to its declining stock price.
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