Why is Intl. Travel Hse falling/rising?
As of 05-Aug, International Travel House Ltd's stock price is Rs 468.75, down 0.63%, with significant underperformance reflected in a -11.56% return over the past month and a bearish trend indicated by trading below key moving averages. The stock has also seen a 37.07% drop in delivery volume, signaling reduced investor interest amid broader market declines.
As of 05-Aug, International Travel House Ltd is experiencing a decline in its stock price, currently at Rs 468.75, which reflects a decrease of Rs 2.95 or 0.63%. The stock has underperformed in the short term, with a 1-week return of -0.90% and a 1-month return of -11.56%. Today's performance indicates that the stock outperformed its sector by 3.54%, despite touching an intraday low of Rs 462. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Furthermore, there has been a notable decline in investor participation, with delivery volume falling by 37.07% compared to the 5-day average, indicating reduced interest in the stock.In the broader market context, the Sensex has also shown a slight decline of 0.77% over the past week, which is less severe than the stock's own performance. The travel services sector has fallen by 3.4%, contributing to the negative sentiment surrounding the stock. Year-to-date, International Travel House Ltd has significantly underperformed the benchmark, with a return of -31.47% compared to the Sensex's positive return of 3.29%. This stark contrast highlights the challenges faced by the company relative to the overall market, further exacerbating the downward pressure on its stock price.
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