Why is Indergiri Fin. falling/rising?
As of 13-Nov, Indergiri Finance Ltd's stock price is Rs 29.79, down 4.98%, and has declined 9.73% over the last two days. The stock has underperformed compared to the Sensex, which has gained 8.74% over the past year, indicating negative investor sentiment and declining participation.
As of 13-Nov, Indergiri Finance Ltd is experiencing a decline in its stock price, currently at Rs 29.79, which represents a decrease of 1.56 or 4.98%. The stock has underperformed its sector by 4.96% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 9.73% during this period. Additionally, the stock opened with a loss of 4.98% and has not traded above this opening price, indicating a lack of upward momentum. The stock's performance over the past week and month shows a decline of 2.90%, while its one-year return is down 14.91%, contrasting sharply with the Sensex, which has gained 8.74% over the same period. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In the context of the broader market, Indergiri Finance Ltd's recent performance is notably weaker compared to the benchmark Sensex, which has increased by 1.40% over the past week and 2.61% over the past month. This stark contrast highlights the stock's struggles, particularly as it has not only underperformed the sector but also faced declining investor participation, with delivery volume dropping by 24.46% against the five-day average. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be negative, contributing to the ongoing decline in its price.
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