Why is Kreon Finnancial falling/rising?
As of 13-Nov, Kreon Finnancial Services Ltd's stock price is Rs 35.00, down 6.49%, with significant volatility and underperformance compared to its sector and the broader market. Despite a positive year-to-date return of 20.07%, the stock has declined by 6.22% over the past week and 9.35% over the past month, indicating ongoing challenges.
As of 13-Nov, Kreon Finnancial Services Ltd is experiencing a decline in its stock price, currently at Rs 35.00, which represents a decrease of 2.43 or 6.49%. The stock has shown significant volatility today, opening with a gain of 6.2% but subsequently dropping to a day's low of Rs 35. The stock has underperformed its sector by 6.47% today, and while it touched an intraday high of Rs 39.75, the overall trend reflects a negative movement. Over the past week, the stock has decreased by 6.22%, and over the past month, it has fallen by 9.35%. However, it has shown a positive year-to-date return of 20.07%, indicating some resilience over a longer period. The delivery volume has increased by 44.28% compared to the 5-day average, suggesting rising investor participation, but the stock remains lower than its 5-day, 20-day, 50-day, and 100-day moving averages.In the broader market context, the Sensex has increased by 1.40% over the past week and 2.61% over the past month, contrasting with Kreon Finnancial's declines. This underperformance relative to the benchmark indicates that the stock is not keeping pace with the overall market trends. Additionally, the stock's long-term performance shows a stark contrast, with a 3-year return of -30.83% compared to the Sensex's 36.71% gain, highlighting ongoing challenges for Kreon Finnancial. The high volatility observed today, with an intraday volatility of 6.34%, further reflects the uncertainty surrounding the stock's performance in the current market environment.
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