Why is Indian Infotech falling/rising?
As of 13-Nov, Indian Infotech and Software Ltd's stock price is Rs. 0.65, down 1.52% and recently hitting a 52-week low. The stock has significantly underperformed, with a year-to-date decline of 51.13%, despite increased investor interest indicated by a rise in delivery volume.
As of 13-Nov, Indian Infotech and Software Ltd's stock price is currently at Rs. 0.65, reflecting a decrease of Rs. 0.01 or 1.52%. The stock has recently hit a new 52-week low of Rs. 0.64 and has been underperforming its sector by 0.8%. Over the past week, the stock has fallen by 7.14%, and its year-to-date decline stands at 51.13%. Additionally, the stock has been losing for the last two days, with a total drop of 5.8% during this period. Despite these negative trends, there has been a notable increase in investor participation, with delivery volume rising by 113.35% compared to the 5-day average, indicating some interest in trading the stock.In the broader market context, the Sensex has shown a positive return of 1.40% over the past week, contrasting sharply with Indian Infotech's significant decline. This disparity highlights the stock's underperformance relative to the benchmark. Furthermore, while the stock is trading below all its moving averages, indicating a bearish trend, the liquidity remains sufficient for trading, as it represents 2% of the 5-day average traded value. Overall, the combination of poor stock performance, significant declines in returns over various periods, and the recent consecutive falls contribute to the ongoing downward movement of Indian Infotech's stock price.
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