Why is Nisus Finance falling/rising?
As of 19-Sep, Nisus Finance Services Co Ltd's stock price is Rs 350.60, down 3.14%, and has underperformed its sector and the benchmark Sensex. The stock has seen a significant decline in both short-term and year-to-date performance, with reduced investor participation indicated by a drop in delivery volume.
As of 19-Sep, Nisus Finance Services Co Ltd is experiencing a decline in its stock price, currently at Rs 350.60, which reflects a decrease of Rs 11.35 or 3.14%. The stock has underperformed its sector by 2.99% today, reaching an intraday low of Rs 350, which is a drop of 3.3%. Over the past week, the stock has decreased by 5.24%, and year-to-date, it has fallen by 25.14%. Additionally, the stock's delivery volume has decreased significantly, with a drop of 37.5% compared to the 5-day average, indicating a reduction in investor participation. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.88% over the past week and 5.74% year-to-date, Nisus Finance's performance is notably weaker. The stock's recent performance has been below the benchmark, highlighting a concerning trend as it continues to lag behind broader market movements. The stock is currently above its 100-day moving average but below its shorter-term moving averages, suggesting mixed signals regarding its price momentum in the context of the overall market.
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