Why is Fraser & Company falling/rising?
As of 14-Nov, Fraser and Company Ltd's stock price is at 7.36, down 3.79%, and has significantly underperformed against its sector and the Sensex. The stock is trading below all moving averages, with a drastic drop in delivery volume, indicating low investor participation and a challenging market environment.
As of 14-Nov, Fraser and Company Ltd is experiencing a decline in its stock price, currently at 7.36, which reflects a decrease of 0.29 or 3.79%. The stock has underperformed significantly today, falling by 4.66% compared to its sector. Additionally, it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The delivery volume has also seen a drastic drop of 80.14% against the 5-day average, indicating a lack of investor participation. There are no positive or negative factors provided that could further explain the recent movement of the stock.In the broader market context, Fraser and Company has underperformed relative to the Sensex, with a 1-week return of -4.42% compared to the benchmark's gain of 1.62%. Over the past month, the stock has declined by 4.54%, while the Sensex has increased by 3.09%. Year-to-date, Fraser and Company is down 9.47%, contrasting sharply with the Sensex's rise of 8.22%. This consistent underperformance against the benchmark suggests a challenging environment for the stock, contributing to its recent price decline.
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