Why is Inter Globe Fin falling/rising?
As of 15-Jul, Inter Globe Finance Ltd's stock price is at 72.23, down 0.89%. The stock has underperformed its sector and the market over the past year, facing operating losses and negative financial indicators, which has led to cautious investor sentiment.
As of 15-Jul, Inter Globe Finance Ltd's stock price is currently at 72.23, reflecting a decrease of 0.65, or 0.89%. The stock has recently underperformed its sector by 1.7% and has experienced a trend reversal after two consecutive days of gains. Despite a significant increase in delivery volume, which rose by 1764.9% against the 5-day average, the stock's performance over the past year has been poor, with a return of -24.58%. The company is facing operating losses, with a negative EBITDA and a weak long-term fundamental strength, as indicated by a dramatic decline in operating profit growth. In the broader market context, the stock's short-term performance over the past week shows a gain of 12.16%, contrasting with the Sensex, which has declined by 1.36%. However, the stock has underperformed the market significantly over the last year, where the BSE500 has generated a return of 0.37%. This underperformance, combined with the company's negative financial indicators, suggests that investors are cautious, leading to the stock's current decline.
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