Why is Omfurn India falling/rising?
As of 11-Nov, Omfurn India Ltd's stock price is at 103.85, down 3.84%, and has underperformed its sector today. Despite a strong annual return of 47.93%, the stock has struggled recently, with significant declines in both short-term performance and investor participation.
As of 11-Nov, Omfurn India Ltd's stock price is currently at 103.85, reflecting a decrease of 4.15, or 3.84%. The stock has underperformed its sector by 4.78% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 75.96% compared to the 5-day average. Over the past week, the stock has decreased by 8.90%, and over the past month, it has fallen by 13.85%. However, it has shown strong performance over the past year, with a return of 47.93%, and an impressive 581.86% increase over the last three years.In the broader market context, the Sensex has increased by 0.38% over the past week and by 1.62% over the past month, indicating that the overall market is performing positively while Omfurn India is experiencing a decline. Year-to-date, the stock has underperformed the benchmark, with a return of -2.90% compared to the Sensex's 8.67%. This contrast highlights the stock's recent struggles despite its strong long-term performance. The lack of available positive or negative factors further complicates the understanding of the stock's current movement, suggesting that external influences or market sentiment may be impacting its price negatively.
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