Why is Inflame Applian. falling/rising?
As of 12-Sep, Inflame Appliances Ltd's stock price is Rs 250.30, up 2.58% recently, but it has a significant year-to-date decline of 34.48%. Despite recent short-term gains, the stock's long-term performance remains weak compared to the broader market.
As of 12-Sep, Inflame Appliances Ltd is experiencing a price increase, with its current price at Rs 250.30, reflecting a rise of Rs 6.3 or 2.58%. The stock has been gaining for the last two days, showing a total return of 5.39% during this period. It outperformed its sector by 3.47% today and reached an intraday high of Rs 254.5. However, despite these positive movements, the stock has a year-to-date decline of 34.48% and a one-year decline of 42.85%, indicating significant long-term challenges. Additionally, there has been a decrease in investor participation, with delivery volume falling by 29.1% against the five-day average, which may suggest waning interest despite the recent gains.In the broader market context, the stock's performance over the past week has been flat at 0.00%, while the benchmark Sensex has increased by 1.48%. Over the past month, Inflame Appliances Ltd has shown a return of 10.73%, which is better than the Sensex's 2.08% increase. However, the stock's long-term performance remains concerning, with a three-year decline of 53.04% compared to the Sensex's gain of 36.25%. This contrast highlights the stock's struggles relative to the broader market, despite recent short-term gains.
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