Why is Innovassynth Inv falling/rising?
As of 17-Oct, Innovassynth Investments Ltd's stock price is declining at 85.95, down 0.16%, and has fallen for four consecutive days, resulting in a total return of -4.43%. The stock is underperforming compared to the benchmark, with a year-to-date decline of 10.38% against a 7.44% rise in the Sensex.
As of 17-Oct, Innovassynth Investments Ltd is experiencing a decline in its stock price, currently at 85.95, which reflects a decrease of 0.14 or 0.16%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total return of -4.43% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Furthermore, investor participation has decreased, with delivery volume dropping by 5.79% compared to the 5-day average, suggesting reduced interest in the stock. There are no positive or negative factors provided that could further explain the stock's recent movement.In the broader market context, Innovassynth's short-term performance has been notably poor compared to the benchmark, as it has declined by 4.39% over the past week while the Sensex has gained 1.76%. Over the past month, the stock has also underperformed, with a decrease of 2.83% compared to the Sensex's increase of 1.52%. Year-to-date, Innovassynth has seen a significant decline of 10.38%, while the benchmark has risen by 7.44%. This stark contrast in performance highlights the challenges Innovassynth is facing in the current market environment.
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