Why is Fortune Interntl falling/rising?
As of 29-Sep, Fortune International Ltd's stock price is rising to Rs 64.50, up 9.28%. The stock has shown strong short-term performance, outperforming the Sensex over the past week and month, but is down 15.41% year-to-date.
As of 29-Sep, Fortune International Ltd's stock price is rising, currently at Rs 64.50, reflecting an increase of Rs 5.48 or 9.28%. The stock has shown strong performance today, outperforming its sector by 10.06% and reaching an intraday high of Rs 64.98, which is a 10.1% increase. Despite experiencing a wide trading range of Rs 8.92 and high volatility with an intraday volatility of 7.37%, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 2.99% against the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into specific influences on the stock's movement.Broader market context shows that over the past week, Fortune International Ltd has outperformed the Sensex, gaining 13.16% compared to the benchmark's decline of 2.18%. In the last month, the stock has increased by 16.20%, while the Sensex has only risen by 0.70%. However, it is important to note that year-to-date, the stock is down 15.41%, contrasting with the Sensex's gain of 2.85%. This indicates that while the stock is currently experiencing a positive short-term trend, it has faced significant challenges over a longer time frame.
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