Why is Optimus Finance falling/rising?
As of 23-Sep, Optimus Finance Ltd's stock price is at 21.00, down 3.71%, and has lost 10.14% over the last six days, indicating a bearish trend. The stock's performance is significantly worse than the broader market, with a year-to-date decline of 14.29% compared to a 5.07% gain in the Sensex.
As of 23-Sep, Optimus Finance Ltd is experiencing a decline in its stock price, currently at 21.00, reflecting a decrease of 0.81 or 3.71%. The stock has been underperforming significantly, having lost 10.14% over the last six days, and it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a decline of 9.17%, while its one-month return is down 15.32%. Despite a recent increase in delivery volume, which rose by 26.1% against the five-day average, the overall sentiment remains negative, and no positive factors are available to counterbalance the stock's recent downturn.In the broader market context, the Sensex has only decreased by 0.34% over the past week, highlighting that Optimus Finance's decline is more pronounced than the overall market trend. Year-to-date, while the stock has fallen 14.29%, the Sensex has gained 5.07%, further emphasizing the stock's underperformance relative to the benchmark. This stark contrast suggests that investor sentiment towards Optimus Finance is particularly weak compared to the broader market, contributing to its ongoing price decline.
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