Why is My Mudra Fin. falling/rising?

Sep 10 2025 11:31 PM IST
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As of 10-Sep, My Mudra Fincorp Ltd's stock price is declining at 86.75, down 5.04%, despite strong past performance. The drop in investor participation and underperformance today may indicate a correction after recent gains.
As of 10-Sep, My Mudra Fincorp Ltd is experiencing a decline in its stock price, currently at 86.75, which represents a decrease of 4.6 or 5.04%. Despite a strong performance in the past week and month, with returns of 23.75% and 24.02% respectively, the stock is underperforming its sector today by 5.96%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. However, there has been a significant drop in investor participation, with delivery volume falling by 53.05% compared to the 5-day average, which may be contributing to the current price decline.

In the broader market context, while My Mudra Fincorp Ltd has shown impressive returns over the past week and month, the benchmark Sensex has only increased by 1.04% and 2.50% respectively during the same periods. This suggests that the stock's recent performance has been exceptional compared to the overall market. However, the current underperformance today may reflect a correction after a strong rally, coupled with reduced trading activity that could indicate waning investor interest. Overall, the combination of high past returns and a sudden drop in trading volume appears to be influencing the stock's recent price movement negatively.
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