Why is Mangal Credit falling/rising?
As of 27-Jun, Mangal Credit & Fincorp Ltd's stock price is Rs 194.35, down 2.41%, and has underperformed its sector and the market recently. Despite a strong year-to-date gain of 28.24%, current trends indicate negative sentiment due to high volatility and declining investor participation.
As of 27-Jun, Mangal Credit & Fincorp Ltd is experiencing a decline in its stock price, currently at Rs 194.35, which represents a decrease of Rs 4.8 or 2.41%. The stock has underperformed its sector by 2.5% today and has been on a consecutive decline for the last two days, accumulating a total drop of 3.98%. The stock reached an intraday low of Rs 179.95, reflecting a significant decrease of 9.64%. Additionally, the stock has shown high volatility with an intraday volatility of 5.49%, and there has been a notable drop in investor participation, with delivery volume falling by 61.54% compared to the 5-day average. Over the past week, the stock has decreased by 3.79%, while it has shown positive returns of 1.38% over the past month and an impressive 28.24% year-to-date.In the broader market context, the Sensex has increased by 2.00% over the past week and 3.07% over the past month, indicating that Mangal Credit's recent performance is lagging behind the benchmark. Despite its strong year-to-date performance of 28.24% and a remarkable 81.21% increase over the past year, the current short-term trends suggest a negative sentiment surrounding the stock. The combination of high volatility, declining investor participation, and underperformance relative to the sector and benchmark indices contributes to the stock's recent downward movement.
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