Why is Fortune Interntl falling/rising?
As of 13-Oct, Fortune International Ltd's stock price is Rs 61.01, down 1.61% and has declined 6.74% over the last three days. The stock has underperformed the sector and the benchmark Sensex, with a year-to-date decline of 19.99%.
As of 13-Oct, Fortune International Ltd's stock price is currently at Rs 61.01, reflecting a decrease of Rs 1.0 or 1.61%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 6.74% during this period. Despite touching an intraday high of Rs 64.98, the stock's performance today has been characterized by more volume traded closer to its low price of Rs 60. Additionally, the stock has underperformed the sector by 1.17%, and its year-to-date return stands at a significant decline of 19.99%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, Fortune International Ltd's short-term performance has been notably poor, with a 1-week return of -5.92% against the Sensex's positive return of +0.66%. The broader market context shows that while the Sensex has gained 5.36% year-to-date, Fortune International has struggled significantly, indicating a lack of investor confidence and participation, as evidenced by a 38.13% drop in delivery volume against the 5-day average. This broader market performance highlights the challenges faced by the stock amidst a generally more favorable market environment.
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