Why is Aarey Drugs falling/rising?
As of 18-Nov, Aarey Drugs & Pharmaceuticals Ltd is facing a stock price decline to 93.89, down 1.99% today, and has underperformed its sector. Despite strong long-term gains, recent volatility and a 3.37% decline over the past week indicate short-term struggles.
As of 18-Nov, Aarey Drugs & Pharmaceuticals Ltd is experiencing a decline in its stock price, currently at 93.89, which reflects a decrease of 1.91 (-1.99%). The stock has underperformed its sector by 1.43% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.86% during this period. Despite a strong year-to-date performance of 65.56% and a remarkable 280.89% increase over the past five years, the stock has shown volatility today with an intraday volatility of 116.19%. Additionally, while the stock's delivery volume has increased by 58.55% compared to the five-day average, there is no information available regarding positive or negative factors that could influence its recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.96% over the past week, Aarey Drugs has seen a decline of 3.37% in the same timeframe. This underperformance highlights the stock's struggle in the short term despite its strong long-term returns, as evidenced by its 1-month return of 7.52% compared to the Sensex's 0.86%. The broader market context suggests that while Aarey Drugs has had a strong performance historically, current market conditions and recent volatility may be contributing to its recent price decline.
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