Why is Margo Finance falling/rising?
As of 24-Sep, Margo Finance Ltd's stock price is 80.80, up 0.7%, with increased investor participation despite a negative year-to-date return of -40.68%. The stock has outperformed its sector today but has underperformed relative to the benchmark in the short term.
As of 24-Sep, Margo Finance Ltd is experiencing a price increase, with its current price at 80.80, reflecting a change of 0.56 or 0.7% upward. The stock has outperformed its sector today by 0.79%, and there has been a notable rise in investor participation, with delivery volume increasing by 123.76% against the 5-day average. Despite a negative year-to-date return of -40.68%, the stock has shown strong performance over the longer term, with a 1-year return of 38.29% and a remarkable 3-year return of 222.55%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Margo Finance's short-term performance over the past week shows a decline of 3.69%, while the benchmark Sensex has only decreased by 1.18%. This indicates that the stock has underperformed relative to the benchmark in the short term, despite today's positive movement. Over the past month, Margo Finance has slightly lagged behind the Sensex, which has gained 0.50%, suggesting that while there may be some recovery today, the stock's overall trend remains concerning compared to the broader market.
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