Why is Goenka Business falling/rising?
As of 12-Sep, Goenka Business & Finance Ltd's stock price is at 9.41, showing a short-term gain but significantly underperforming year-to-date with a decline of 51.37%. While recent trading activity has increased, the stock remains below its long-term moving averages and lags behind the broader market performance.
As of 12-Sep, Goenka Business & Finance Ltd's stock price is currently at 9.41, reflecting an increase of 0.11 or 1.18%. The stock has been gaining for the last two days, with a total return of 1.95% during this period. It is performing inline with its sector, and the delivery volume has increased by 9.58% compared to the 5-day average, indicating rising investor participation. However, the stock is still lower than its 50-day, 100-day, and 200-day moving averages, which may suggest that while there is short-term momentum, it has not yet regained longer-term strength. The performance over the past week shows a modest gain of 0.97%, while the one-month return is slightly better at 1.18%. Year-to-date, the stock has significantly underperformed with a decline of 51.37%.In the broader market context, the Sensex has outperformed Goenka Business & Finance Ltd in the short term, with a 1-week return of 1.48% and a 1-month return of 2.08%. This indicates that while Goenka's stock is experiencing a positive movement, it is lagging behind the benchmark index. The year-to-date performance shows a stark contrast, with the stock down significantly compared to the Sensex's gain of 4.82%. Overall, the recent price increase can be attributed to short-term gains and increased trading activity, but the stock's long-term performance remains weak relative to the broader market.
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