Why is Som Datt Finance falling/rising?
As of 26-Sep, Som Datt Finance Corporation Ltd's stock price is Rs 119.95, down 4.99%, with a significant decline in delivery volume and underperformance compared to its sector and the benchmark Sensex over the past month. Despite a strong long-term performance, recent trends indicate challenges due to decreased investor interest.
As of 26-Sep, Som Datt Finance Corporation Ltd is experiencing a decline in its stock price, currently at Rs 119.95, which reflects a decrease of Rs 6.3 or 4.99%. The stock has been underperforming, having lost 9.81% over the last four days and opened today with a gap down of 4.32%. It has also traded in a narrow range of Rs 0.85, indicating limited volatility. Additionally, the stock's delivery volume has decreased significantly, falling by 45.2% compared to the 5-day average, suggesting a drop in investor participation. In terms of performance, the stock has underperformed its sector by 3.46% today and has shown a negative return of 8.37% over the past month, while it has outperformed the benchmark Sensex over the longer term, with a 12.10% gain over the past year.Broader Market Context: In the short term, Som Datt Finance's performance has been notably weaker than the benchmark Sensex, which has only declined by 0.45% over the past month compared to the stock's 8.37% drop. This stark contrast highlights the stock's struggles in the current market environment. Despite a strong performance over the longer term, with a 365.83% increase over three years, the recent trends indicate a challenging period for the stock, exacerbated by falling investor interest and broader market conditions.
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