Why is Nalin Lease Fin. falling/rising?
As of 08-Oct, Nalin Lease Finance Ltd's stock price is Rs 48.00, down 0.91%, and has fallen 5.88% over the last three days. The stock is underperforming compared to the market, trading below all key moving averages and nearing its 52-week low, with year-to-date returns down by 30.13%.
As of 08-Oct, Nalin Lease Finance Ltd is experiencing a decline in its stock price, currently at Rs 48.00, which represents a decrease of Rs 0.44 or 0.91%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.88% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, being only 4.17% away from it. Despite a rise in delivery volume by 78.2% compared to the 5-day average, the overall performance has been negative, with year-to-date returns down by 30.13% and a one-year decline of 32.40%. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Nalin Lease Finance Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.98% over the past week and 1.22% over the past month. This indicates that while the stock is struggling, the overall market is experiencing upward momentum. The significant underperformance of Nalin Lease Finance Ltd compared to the benchmark suggests that investor sentiment towards the stock is weak, contributing to its declining price.
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