Why is IRIS Business falling/rising?
As of 17-Nov, IRIS Business Services Ltd's stock price is at 338.25, down 5.0% and reflecting a total decline of 9.74% over the last two days. Despite a long-term increase of 363.67% over three years, recent performance has been poor compared to the broader market, which has gained 1.69% in the past week.
As of 17-Nov, IRIS Business Services Ltd's stock price is currently at 338.25, reflecting a decline of 17.8 points or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.74% during this period. It opened with a loss of 5% today and has not traded outside this price point. Additionally, the stock's performance over the past week shows a decrease of 7.76%, while its year-to-date return is down by 26.10%. The delivery volume has also seen a significant decline of 56.73% compared to the five-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.Broader market context indicates that the Sensex has gained 1.69% over the past week, contrasting sharply with IRIS Business's decline. While the stock has shown positive returns over the longer term, such as a 363.67% increase over three years, its recent performance has been poor compared to the benchmark, which has risen by 8.72% year-to-date. This suggests that the stock's current struggles are not reflective of broader market trends, highlighting a significant disconnect between the company's performance and overall market conditions.
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