Why is PB Fintech. falling/rising?
As of 04-Jul, PB Fintech Ltd's stock price is Rs 1,794.15, down 0.77%, and has declined 2.7% over the last three days. Despite strong long-term fundamentals, recent performance is hindered by decreased investor participation and underperformance compared to the Sensex.
As of 04-Jul, PB Fintech Ltd is experiencing a decline in its stock price, currently at Rs 1,794.15, which reflects a decrease of Rs 13.85 or 0.77%. The stock has underperformed its sector by 0.9% today and has been on a downward trend, falling for the last three days with a total decline of 2.7%. Additionally, the stock's performance over the past week shows a decrease of 2.17%, while it has significantly underperformed the benchmark Sensex over the past month, which has gained 3.01%. Despite strong long-term fundamentals, including a 35.06% CAGR growth in operating profits and consistent positive results over the last 12 quarters, the stock's recent movement is hindered by falling investor participation, as evidenced by a 72.67% drop in delivery volume compared to the five-day average.In the broader market context, the stock's short-term performance has been notably weaker than the Sensex, which has shown a positive return of 3.01% over the past month while PB Fintech has declined by 2.58%. This contrast highlights the stock's struggle in the current market environment, despite its strong long-term growth metrics and high institutional holdings at 68.88%. The recent price movement indicates that while the company has solid fundamentals, the immediate market sentiment and trading activity are negatively impacting its stock performance.
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