Why is Inflame Applian. falling/rising?
As of 11-Sep, Inflame Appliances Ltd is currently priced at Rs 244.00, reflecting a 2.74% increase despite a year-to-date decline of 36.13%. The stock has shown short-term recovery but continues to struggle significantly in the long term compared to the broader market.
As of 11-Sep, Inflame Appliances Ltd is experiencing a price increase, currently at Rs 244.00, which reflects a rise of Rs 6.5 or 2.74%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite opening with a loss of 4.99% today, it reached an intraday high of Rs 247.05, indicating some recovery. However, the stock's performance has been mixed, with a year-to-date decline of 36.13% and a one-year drop of 43.28%. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 84.24% compared to the five-day average, which may indicate reduced confidence among investors.In the broader market context, Inflame Appliances Ltd has outperformed the Sensex by 2.86% today, which is notable given the stock's recent struggles. Over the past week, the stock has gained 2.35%, while the Sensex has only increased by 1.03%. This short-term outperformance suggests that the stock may be experiencing a temporary rebound amidst a generally challenging environment. However, the long-term performance remains concerning, with a three-year decline of 54.68% compared to the Sensex's growth of 36.38%, highlighting the stock's ongoing struggles relative to the broader market.
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