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Five-Star Business Finance, a leading NBFC, has seen a -3.44% decline in its stock performance on October 22, 2024. This is a consecutive fall for the company, with a -6.35% decrease in the last four days. However, its moving averages remain higher than the market average, and it has outperformed the Sensex in the past month.
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Five-Star Business Finance, a leading non-banking financial company (NBFC) in the finance industry, has recently faced a dip in its stock performance. On October 22, 2024, the company’s stock saw a decline of -3.44%, underperforming the sector by -1.77%. This has been a consecutive fall for the company, with a -6.35% decrease in the last four days.
The stock’s intraday low was recorded at Rs 842.5, a decrease of -3.38%. However, despite this recent dip, Five-Star Business Finance’s moving averages remain higher than the 20-day, 50-day, 100-day, and 200-day averages. The only exception is the 5-day moving average, which is currently lower.
In comparison to the overall market performance, Five-Star Business Finance’s stock has underperformed. On the same day, the Sensex saw a decrease of only -0.46%, while the company’s stock saw a decline of -3.29%. However, looking at the past month’s performance, Five-Star Business Finance has outperformed the Sensex with a 3.56% increase, while the Sensex saw a decrease of -4.46%.
Despite the recent dip in stock performance, Five-Star Business Finance remains a strong player in the finance industry. With its consistent growth and positive track record, the company continues to be a reliable choice for investors.