Why is Haryana Capfin falling/rising?
As of 15-Sep, Haryana Capfin Ltd's stock price is Rs 185.00, having increased by 1.59% today, but it remains below all key moving averages, indicating a longer-term downward trend. Despite a recent rise in investor participation, the stock has underperformed significantly year-to-date compared to the benchmark Sensex.
As of 15-Sep, Haryana Capfin Ltd's stock price is currently at Rs 185.00, reflecting an increase of Rs 2.9 or 1.59%. The stock opened with a significant gain of 5.27% today, reaching an intraday high of Rs 191.7. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 196.67% against the 5-day average. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Haryana Capfin's performance over the past week shows a decline of 2.43%, while the benchmark Sensex has increased by 1.24%. Over the past month, Haryana Capfin has outperformed the benchmark with a return of 2.18% compared to the Sensex's 1.47%. However, the stock has significantly underperformed year-to-date, with a decline of 38.37% against the Sensex's gain of 4.67%. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence despite today's positive price movement.
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