Why is Fraser & Company falling/rising?
As of 23-Oct, Fraser and Company Ltd's stock price has declined to 8.55, down 10.0%, with a significant drop in investor participation indicated by a 90.49% fall in delivery volume. Despite strong long-term performance, the recent downturn suggests a shift in market sentiment and caution among investors.
As of 23-Oct, Fraser and Company Ltd is experiencing a decline in its stock price, currently at 8.55, which reflects a decrease of 0.95 or 10.0%. The stock has underperformed its sector by 9.6% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 10.75% during this period. Despite this recent decline, the stock has shown strong performance over longer periods, with a 66.99% increase over the past year and a 163.08% rise over the last five years. However, there is a notable decrease in investor participation, with delivery volume falling by 90.49% compared to the five-day average, indicating reduced interest in trading the stock.In the broader market context, while Fraser and Company has outperformed the Sensex over various time frames, including a 5.04% gain over the past week compared to the Sensex's 1.30%, the current downturn suggests a shift in market sentiment. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume may signal caution among investors. This combination of factors, including the recent price decline and reduced trading activity, contributes to the stock's current negative movement despite its historical performance.
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