Why is Ushakiran Fin. falling/rising?
As of 23-Oct, Ushakiran Finance Ltd's stock price is declining at 46.00, down 1.63%, and has fallen 9.8% over the last three days. Despite positive long-term returns, the stock is underperforming compared to its sector and the broader market, which has been gaining.
As of 23-Oct, Ushakiran Finance Ltd is experiencing a decline in its stock price, currently at 46.00, reflecting a decrease of 0.76 or 1.63%. The stock has underperformed its sector by 1.77% today and has been on a consecutive fall for the last three days, accumulating a total decline of 9.8% over this period. While the stock has shown positive returns over the longer term, including a 17.95% increase over the past year and an impressive 1682.95% over the last five years, its recent performance contrasts sharply with these figures. The stock's moving averages indicate that it is currently lower than the 5-day and 20-day moving averages but higher than the 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 622.77% against the 5-day average, suggesting some interest despite the recent price drop.Broader market context shows that while Ushakiran Finance Ltd has faced a short-term decline, the benchmark index, Sensex, has gained 1.30% over the past week and 2.99% over the past month. This indicates that the stock's recent struggles are not reflective of the broader market trend, which has been positive. The year-to-date performance of the stock at 2.95% is also significantly lower than the Sensex's 8.21%, further highlighting the stock's underperformance in the current market environment. Overall, the combination of recent price declines, underperformance relative to the sector, and contrasting trends with the benchmark index contribute to the stock's current downward trajectory.
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