Why is Infibeam Avenues falling/rising?
As of 17-Jul, Infibeam Avenues Ltd's stock price is declining at 16.21, down 0.86%, and has fallen for four consecutive days, totaling a 2.35% decline. Despite strong long-term growth indicators, the stock has underperformed significantly, with a 45.79% drop over the past year, contrasting sharply with the Sensex's gains.
As of 17-Jul, Infibeam Avenues Ltd is experiencing a decline in its stock price, currently at 16.21, reflecting a decrease of 0.14 or 0.86%. The stock has been underperforming recently, having fallen for the last four consecutive days, resulting in a total decline of 2.35%. Over the past week, the stock has decreased by 1.88%, and its performance over the last month shows a significant drop of 26.59%. Despite the company's healthy long-term growth indicators, such as a 43.85% annual increase in net sales and a 20.11% growth in profit after tax, the stock's performance has been poor, with a 45.79% decline over the past year. Additionally, the stock is trading below all its moving averages, indicating a bearish trend.In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has increased by 0.83% over the past month. This underperformance is further highlighted by the stock's negative returns compared to the benchmark indices over various periods, including a 1-year return of -45.79% against the Sensex's 1.91% gain. While there has been an increase in institutional investor participation, which may provide some support, the overall sentiment remains cautious due to the stock's historical underperformance and declining investor participation, as evidenced by an 18.89% drop in delivery volume against the 5-day average.
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