Why is Fortune Interntl falling/rising?
As of 31-Oct, Fortune International Ltd's stock price is Rs 57.01, down 6.46%, and has underperformed significantly with a year-to-date return of -25.23% compared to the Sensex's positive return of 7.42%. The stock is trading below all major moving averages and has seen a notable drop in investor participation.
As of 31-Oct, Fortune International Ltd is experiencing a decline in its stock price, currently at Rs 57.01, which reflects a decrease of Rs 3.94 or 6.46%. The stock has been underperforming, having lost 10.21% over the last four days, and opened today with a significant gap down of 7.45%. It has also touched an intraday low of Rs 55, indicating heightened volatility with an intraday fluctuation of 5.82%. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable drop in investor participation, with delivery volume decreasing by 32.4% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that Fortune International Ltd has underperformed significantly compared to the benchmark Sensex, with a 1-week return of -8.08% against the Sensex's -0.32%. In the longer term, the stock has also lagged behind, with a year-to-date return of -25.23% compared to the Sensex's positive return of 7.42%. This stark contrast in performance highlights the challenges faced by Fortune International Ltd in the current market environment, contributing to the downward pressure on its stock price.
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