Why is Jhaveri Credits falling/rising?
As of 17-Sep, Jhaveri Credits & Capital Ltd's stock price is declining at 219.30, down 0.34%, and has underperformed its sector. The stock has fallen 18.76% year-to-date, contrasting sharply with the Sensex's gain of 5.83%, indicating challenges in attracting investor interest.
As of 17-Sep, Jhaveri Credits & Capital Ltd is experiencing a decline in its stock price, currently at 219.30, which reflects a decrease of 0.75 or 0.34%. The stock has underperformed its sector by 0.28% today and has seen a trend reversal after two consecutive days of gains. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has significantly decreased, with a drop of 73.99% compared to the 5-day average, indicating falling investor participation. Over the past month, the stock has declined by 14.00%, and year-to-date, it has fallen by 18.76%, while its one-year performance shows a decrease of 32.51%. Unfortunately, there is no information available regarding positive or negative factors that could have influenced this movement.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, the Sensex, which has gained 1.56% over the past week and 2.60% over the past month. This indicates that while Jhaveri Credits is struggling, the overall market is performing positively. The stark difference in performance, especially with the stock's year-to-date decline of 18.76% compared to the Sensex's gain of 5.83%, highlights the challenges faced by Jhaveri Credits in attracting investor interest amidst a generally favorable market environment.
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