Why is Hasti Finance falling/rising?
As of 16-Sep, Hasti Finance Ltd's stock price is at 7.67, down 1.92%, with significant underperformance compared to the sector and a drastic drop in delivery volume. The stock is above long-term moving averages but below short-term ones, indicating weak momentum amid broader market gains.
As of 16-Sep, Hasti Finance Ltd's stock price is currently at 7.67, reflecting a decrease of 0.15, or 1.92%. The stock has been underperforming, having lost 2.29% over the last two days and showing a weekly decline of 2.79%. Additionally, the stock's performance today has underperformed the sector by 3.71%. The delivery volume has significantly decreased, falling by 98.71% compared to the 5-day average, indicating a drop in investor participation. While the stock is above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, suggesting a short-term weakness in momentum. There is no information available regarding positive or negative factors impacting the stock.Broader market context shows that Hasti Finance's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.58% over the past week and 2.21% over the past month. Year-to-date, Hasti Finance has a modest gain of 1.05%, while the Sensex has increased by 5.43%. This underperformance relative to the benchmark indicates that broader market trends are favoring other stocks, contributing to the downward pressure on Hasti Finance's stock price. Overall, the combination of declining investor interest and weaker short-term performance compared to the market is driving the stock lower.
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