Why is Indef Manufactur falling/rising?
As of 24-Oct, Indef Manufacturing Ltd's stock price is Rs 385.90, down 3.59% and underperforming its sector by 4.56%. The stock has declined 5.38% over the past week, contrasting with a 0.31% increase in the benchmark Sensex, indicating ongoing struggles in both short-term and broader market performance.
As of 24-Oct, Indef Manufacturing Ltd's stock price is currently at Rs 385.90, reflecting a decline of Rs 14.35 or 3.59%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 4.49% during this period. Today's performance indicates that the stock has underperformed its sector by 4.56%. Additionally, the stock touched an intraday low of Rs 384.4, and trading volume has decreased significantly, with delivery volume dropping by 43.52% compared to the 5-day average. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 5.38%, while the benchmark Sensex has increased by 0.31%. Over the past month, the stock has seen a slight decrease of 0.27%, contrasting with the Sensex's gain of 3.05%. This indicates that Indef Manufacturing Ltd is not only struggling in the short term but is also lagging behind the overall market performance, which may contribute to investor sentiment and the stock's downward trajectory.
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