Why is My Mudra Fin. falling/rising?
As of 23-Sep, My Mudra Fincorp Ltd's stock price is 101.00, having increased by 1.56% over the day but declined by 5.87% over the past week. Despite a strong monthly return of 48.53%, recent drops in investor participation and delivery volume suggest decreased buying interest.
As of 23-Sep, My Mudra Fincorp Ltd's stock price is currently at 101.00, reflecting an increase of 1.55, or 1.56%. The stock has shown a strong performance over the past month, with a return of +48.53%, significantly outperforming the Sensex, which only gained +1.20%. However, the stock has experienced a decline of -5.87% over the past week. Today's price summary indicates that the stock is performing better than its sector by 1.23%, and it is trading above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Notably, there has been a significant drop in investor participation, with delivery volume falling by -64.47% compared to the 5-day average, which may indicate a decrease in buying interest. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.Broader market context shows that while My Mudra Fincorp Ltd has outperformed the Sensex in the short term, the stock's performance over the past week contrasts with its strong monthly return. The Sensex has only decreased by -0.28% over the past week, suggesting that the broader market is relatively stable compared to the stock's recent volatility. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, indicating that it can still attract trades despite the recent drop in delivery volume.
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