Why is Som Datt Finance falling/rising?
As of 24-Sep, Som Datt Finance Corporation Ltd's stock price is declining at 126.35, down 4.96% today, with a total loss of 5% over the last two days. Despite recent challenges, the stock has shown significant long-term growth, outperforming the benchmark year-to-date.
As of 24-Sep, Som Datt Finance Corporation Ltd is experiencing a decline in its stock price, currently at 126.35, which represents a decrease of 6.6 points or 4.96%. The stock has underperformed its sector by 4.87% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 5%. It opened the day with a significant gap down of 4.36% and reached an intraday low of Rs 126.35. Additionally, the stock's delivery volume has seen a drastic decline of 72.8% compared to the 5-day average, indicating falling investor participation. While the stock remains above its 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages, suggesting a weakening short-term trend. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a slight decline of 0.55%, while the benchmark Sensex has fallen by 1.18%. Over the past month, Som Datt Finance has seen a more substantial decline of 9.43%, contrasting with the Sensex's modest gain of 0.50%. Year-to-date, however, the stock has outperformed the benchmark with a gain of 6.40% compared to the Sensex's 4.58%. Over the longer term, the stock has shown impressive growth, with a 375.00% increase over three years and a staggering 645.43% increase over five years, indicating that while the stock is currently facing challenges, it has had a strong performance historically.
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