Why is My Mudra Fin. falling/rising?
As of 21-Aug, My Mudra Fincorp Ltd's stock price is 67.50, down 1.17%, and has underperformed its sector and the benchmark Sensex significantly. The stock has seen a consistent decline, with a year-to-date return of -15.62% and a 20.54% drop over the past month.
As of 21-Aug, My Mudra Fincorp Ltd is experiencing a decline in its stock price, currently at 67.50, which represents a decrease of 0.8 or 1.17%. The stock has underperformed its sector by 1.18% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 47.67% compared to the 5-day average. Over the past week, the stock has decreased by 4.46%, and it has a year-to-date return of -15.62%, indicating a consistent downward trend without any available positive factors to counterbalance this performance.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.84% over the past week, My Mudra Fincorp Ltd's performance has been notably weak. The Sensex has also shown a minimal decline of 0.03% over the past month, while My Mudra's performance has deteriorated by 20.54% in the same timeframe. This stark contrast highlights the challenges faced by My Mudra Fincorp Ltd in the current market environment, as it continues to lag behind broader market trends.
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