Why is Optimus Finance falling/rising?
As of 05-Sep, Optimus Finance Ltd's stock price is Rs 24.64, down 10.47% after six days of gains, with significant volatility and increased investor participation. Despite recent declines, the stock has shown strong long-term performance, with a 110.60% increase over the past year.
As of 05-Sep, Optimus Finance Ltd is experiencing a decline in its stock price, currently at Rs 24.64, which represents a decrease of Rs 2.88 or 10.47%. The stock has underperformed its sector by 10.96% today and has fallen after six consecutive days of gains. It touched an intraday low of Rs 22.5, reflecting a significant drop of 18.24%. The stock has shown high volatility today with an intraday volatility of 10.89%, and while it is trading above the 50-day, 100-day, and 200-day moving averages, it is below the 5-day and 20-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 111.87% against the 5-day average, indicating a shift in trading behavior. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the stock's performance over the past week shows a decline of 4.16%, while the benchmark Sensex has increased by 1.13%. Over the past month, the stock has decreased by 5.16%, contrasting with the Sensex, which remained flat with a 0.00% change. Year-to-date, Optimus Finance has a modest gain of 0.57%, while the Sensex has outperformed with a 3.29% increase. Over the longer term, the stock has performed exceptionally well with a 110.60% increase over the past year and a staggering 959.78% increase over the past five years, significantly outperforming the Sensex during these periods.
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