First Custodian Fund(I) Sees Intraday Gains Amidst Recent Price Declines

First Custodian Fund(I) Ltd is currently experiencing significant buying activity, despite a challenging performance in recent weeks. The stock has faced consecutive declines, losing value for the past 11 days, resulting in a total drop of 34.36% during this period. Today, it opened with a gap up, reaching an intraday high of Rs 106.05, reflecting a 5% increase from its previous close, although it also saw a low of Rs 97.05, marking a decline of 3.91%.
In terms of performance relative to the Sensex, First Custodian Fund(I) has underperformed across various time frames. Over the past day, it fell by 3.07%, compared to the Sensex's decline of 1.78%. The stock's one-week performance shows a drop of 12.78%, while the Sensex decreased by only 2.54%. Notably, over the past month, First Custodian Fund(I) has plummeted by 33.58%, contrasting sharply with the Sensex's gain of 3.88%.

Despite these challenges, the stock has shown remarkable growth over longer periods, with a 97.98% increase over the past year and a staggering 813.25% rise over the last decade. The current buying pressure may be attributed to various market dynamics, including potential investor sentiment shifts or sector-specific developments.