Why is Goenka Business falling/rising?
As of 01-Oct, Goenka Business & Finance Ltd's stock price is at 9.51, up 4.16% today, despite a year-to-date decline of 50.85%. The stock has recently outperformed its sector and the benchmark Sensex, but its long-term performance raises concerns.
As of 01-Oct, Goenka Business & Finance Ltd's stock price is currently at 9.51, reflecting an increase of 0.38 or 4.16%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume, which fell by 14.29% against the 5-day average, the stock has outperformed its sector by 3.67% today. Over the past month, the stock has increased by 9.06%, contrasting with a year-to-date decline of 50.85%. The stock's performance over the last year shows a gain of 7.58%, while its 5-year return is notably strong at 248.35%. However, it is currently trading higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages.In the broader market context, the stock's short-term performance over the past week has been a decline of 1.35%, while the benchmark Sensex has decreased by 0.90%. This indicates that the stock has not only managed to rise today but has also outperformed the benchmark in the short term. The year-to-date performance shows a stark contrast, with the stock down significantly compared to the Sensex's positive return of 3.64%. Overall, while the stock has shown some positive movement recently, its long-term performance remains a concern, especially given the substantial year-to-date decline.
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