Why is GNFC falling/rising?
As of 06-Aug, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is seeing a stock price decline to 543.75, down 0.33%. Despite outperforming its sector recently, its longer-term performance is weak, with a 1-year decline of 15.07% compared to the Sensex's gain.
As of 06-Aug, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is experiencing a decline in its stock price, currently at 543.75, reflecting a decrease of 1.8 points or 0.33%. The stock has recently outperformed its sector by 2.12%, but it has also seen a trend reversal after two consecutive days of gains. Additionally, the stock's performance over the past week shows a decline of 0.33%, while its year-to-date return is down by 2.33%. The stock is currently trading higher than its 5-day and 100-day moving averages but lower than its 20-day, 50-day, and 200-day moving averages. Despite a high dividend yield of 3.02%, there has been a noticeable drop in investor participation, with delivery volume falling by 0.14% against the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term performance is better than the benchmark Sensex, which has declined by 1.15% over the past week, while GNFC has only fallen by 0.33%. However, the stock's longer-term performance is concerning, with a 1-year decline of 15.07% compared to the Sensex's increase of 2.48%. Over the past three years, GNFC has significantly underperformed the benchmark, with a decline of 29.44% versus the Sensex's gain of 37.95%. This broader market context indicates that while GNFC may be faring slightly better in the short term, its overall performance remains weak compared to the market, contributing to the downward pressure on its stock price.
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