Why is Indian Infotech falling/rising?
As of 07-Nov, Indian Infotech and Software Ltd's stock price is Rs 0.69, down 1.43%, with a significant decline of 48.12% year-to-date compared to a 6.50% increase in the Sensex. The stock is underperforming with a bearish trend, trading below all moving averages and experiencing a 56.27% drop in delivery volume.
As of 07-Nov, Indian Infotech and Software Ltd is experiencing a decline in its stock price, currently at Rs 0.69, which reflects a decrease of Rs 0.01 or 1.43%. The stock has underperformed significantly, with a 1-week return of -5.48% compared to the Sensex's -0.86%. Over the past month, the stock has dropped by 19.77%, while the Sensex has gained 1.57%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The delivery volume has also seen a substantial decline of 56.27% against the 5-day average, suggesting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Indian Infotech's performance has been notably poor compared to the benchmark. While the stock has declined significantly year-to-date by 48.12%, the Sensex has increased by 6.50% during the same period. This stark contrast highlights the stock's struggles in the current market environment. The company's performance over the past year and three years shows a consistent downward trend, with returns of -51.41% and -67.59%, respectively, further emphasizing its challenges relative to the overall market.
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