Why is Inter State Oil falling/rising?
As of 17-Nov, Inter State Oil Carrier Ltd's stock price is Rs 33.15, down 5.34%, with a significant decline of 10.41% over the past week and a year-to-date drop of 29.47%, indicating ongoing underperformance compared to the broader market. The stock has shown high volatility and decreased trading volume, reflecting challenges in maintaining investor interest.
As of 17-Nov, Inter State Oil Carrier Ltd's stock price is currently at Rs 33.15, reflecting a decline of Rs 1.87 or 5.34%. The stock has been underperforming, having lost 8.83% over the last two days and is currently trading lower than its opening price, which was up by 6.68% earlier in the day. The stock has also shown high volatility, with an intraday range of Rs 4.21, and trading volume has significantly decreased, with delivery volume dropping by 81.36% compared to the 5-day average. Additionally, the stock's performance over various periods shows a year-to-date decline of 29.47% and a one-year decline of 24.66%, indicating a longer-term downward trend.Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.69% over the past week and 8.72% year-to-date, Inter State Oil's recent performance has been notably poor, with a weekly decline of 10.41%. This underperformance suggests that the stock is not only struggling in the short term but is also lagging behind the broader market trends. The significant drop in investor participation and the stock's inability to maintain momentum after an initial gain today further highlight the challenges it faces in the current market environment.
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