Why is Joindre Capital falling/rising?
As of 24-Sep, Joindre Capital Services Ltd's stock price is Rs 51.21, down 4.03%, and has underperformed its sector. Despite a high dividend yield, the stock has declined 17.40% over the past year, contrasting with the Sensex's positive performance.
As of 24-Sep, Joindre Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 51.21, which represents a decrease of Rs 2.15 or 4.03%. The stock has underperformed its sector by 3.94% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.43%. Additionally, the stock reached an intraday low of Rs 49.4, reflecting a significant decline of 7.42%. The trading volume has also decreased, with delivery volume falling by 67.45% compared to the five-day average. Despite a high dividend yield of 3.76%, the stock's performance over the past year shows a decline of 17.40%, indicating ongoing challenges.In the broader market context, Joindre Capital's recent performance contrasts sharply with the Sensex, which has only declined by 1.18% over the past week. While the stock has shown a positive return of 2.46% over the past month, its year-to-date performance remains negative at -1.80%, compared to the Sensex's positive return of 4.58%. The stock's long-term performance is more favorable, with a 59.28% increase over three years and a remarkable 203.92% increase over five years, suggesting that while the stock is currently facing short-term challenges, it has historically outperformed the benchmark over longer periods.
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