Why is FratelliVineyard falling/rising?
As of 17-Oct, Fratelli Vineyards Ltd's stock price is Rs 122.25, down 2.24%, and has underperformed significantly against the Sensex, with a year-to-date decline of 63.40%. The stock is trading below all major moving averages, indicating a bearish trend and decreased investor confidence.
As of 17-Oct, Fratelli Vineyards Ltd is experiencing a decline in its stock price, currently at Rs 122.25, reflecting a decrease of Rs 2.8 or 2.24%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.17%. Despite opening with a gain of 2% today and reaching an intraday high of Rs 127.55, it has also touched a low of Rs 122.15. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased, with delivery volume falling by 15.1% compared to the 5-day average, which suggests a lack of confidence among investors.In the broader market context, Fratelli Vineyards has significantly underperformed relative to the Sensex, with a 1-week return of -5.49% compared to the Sensex's gain of 1.76%. Over the past month, the stock has declined by 14.33%, while the benchmark has increased by 1.52%. Year-to-date, the stock has plummeted by 63.40%, contrasting sharply with the Sensex's positive return of 7.44%. This stark difference in performance highlights the challenges faced by Fratelli Vineyards in attracting investor interest and maintaining its stock price amidst a generally favorable market environment.
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