Why is Quest Capital falling/rising?
As of 22-Sep, Quest Capital Markets Ltd's stock price is Rs 340.00, down 1.42%, and has underperformed its sector. The stock is in a bearish trend, trading below all key moving averages, with a year-to-date decline of 31.05%.
As of 22-Sep, Quest Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 340.00, which reflects a decrease of Rs 4.9 or 1.42%. The stock has underperformed its sector by 1.84% today and has been on a downward trend for the last two days, accumulating a total decline of 1.97%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of returns, the stock has fallen by 1.42% over the past week, while it has shown a modest increase of 1.52% over the past month. However, it has significantly underperformed year-to-date with a decline of 31.05% compared to a 5.15% gain in the benchmark index.In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.46% over the past week. While Quest Capital has shown positive returns over longer periods, such as a 38.83% increase over three years and a remarkable 408.98% increase over five years, its current short-term performance is concerning. The rising investor participation, indicated by a 209.5% increase in delivery volume on September 19, suggests some interest in the stock despite its recent declines. However, the overall negative sentiment reflected in its consecutive falls and underperformance against the sector may be contributing to the current downward price movement.
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