Why is Jindal Leasefin falling/rising?
As of 11-Aug, Jindal Leasefin Ltd's stock price has declined to Rs. 33.00, marking a 13.16% drop and a new 52-week low. The stock has significantly underperformed its sector and the broader market, with drastic declines in investor participation and high volatility.
As of 11-Aug, Jindal Leasefin Ltd is experiencing a decline in its stock price, currently at Rs. 33.00, which represents a decrease of Rs. 5.0 or 13.16%. The stock has hit a new 52-week low of Rs. 31.55 today, reflecting significant downward pressure. Performance metrics indicate that the stock has underperformed its sector by 13.85% today, and it opened with a substantial loss of 7.89%. Additionally, the stock has shown erratic trading patterns, not trading on one day out of the last 20, and has experienced high volatility with an intraday fluctuation of 7.88%. The stock is trading below its moving averages across multiple timeframes, and there has been a drastic decline in investor participation, with delivery volume falling by 95.11% compared to the 5-day average.In the broader market context, Jindal Leasefin's short-term performance has been notably poor, with a 1-week return of -11.39%, contrasting sharply with the Sensex, which has only declined by 0.51% during the same period. Over the past month, the stock has dropped by 21.15%, while the benchmark has seen a modest decline of 2.30%. This stark difference highlights the stock's underperformance relative to the market, further exacerbated by the lack of positive factors available to counterbalance the negative sentiment surrounding the stock.
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