Why is Fusion FinancePP falling/rising?
As of 15-Sep, Fusion Finance Ltd Partly Paidup's stock price is declining at Rs 101.00, down 3.72%, and has underperformed its sector. Despite a recent positive trend, the stock is trading below key moving averages, indicating a correction phase amidst a stable market.
As of 15-Sep, Fusion Finance Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs 101.00, which reflects a decrease of Rs 3.9 or 3.72%. The stock has underperformed its sector by 4.19% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 99.09, indicating a drop of 5.54%. Despite a significant increase in delivery volume on September 12, which rose by 567.91% compared to the 5-day average, the stock's performance remains weak, as it is trading lower than the 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a positive return of 2.02%, and over the past month, it has increased by 26.25%, although year-to-date and yearly returns are not available.In the broader market context, the Sensex has shown a modest gain of 1.24% over the past week and 1.47% over the past month, indicating that while the market is generally performing well, Fusion Finance's recent decline is notable. The stock's liquidity remains adequate for trading, as it constitutes 2% of the 5-day average traded value. However, the lack of positive or negative dashboard data limits a comprehensive understanding of the factors influencing the stock's recent movements. Overall, while the stock has had a strong performance in the short term, its current decline suggests a correction phase amidst a generally stable market environment.
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