Why is Abha Power falling/rising?

Jul 23 2025 11:20 PM IST
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As of 23-Jul, Abha Power and Steel Ltd's stock price is 35.40, down 1.53%, with a significant decline in delivery volume and a 9.00% drop over the past week. Year-to-date, the stock has decreased by 24.03%, underperforming the Sensex, which has gained 6.66%.
As of 23-Jul, Abha Power and Steel Ltd's stock price is currently at 35.40, reflecting a decrease of 0.55, or 1.53%. The stock has underperformed its sector today by 1.76%, and its delivery volume has significantly decreased by 56.73% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has seen a decline of 9.00%, while it has shown a positive return of 20.00% over the past month. However, year-to-date, the stock has dropped by 24.03%, contrasting sharply with the Sensex, which has gained 6.66% during the same period. There is no information available regarding positive or negative factors affecting the stock.

Broader Market Context: In the short term, Abha Power's performance has been notably weaker than the benchmark Sensex, which has increased by 0.03% over the past week. The stock's recent decline, coupled with its significant underperformance relative to both the sector and the benchmark, suggests a challenging environment for investors. The liquidity of the stock remains adequate for trading, but the declining delivery volume may indicate a lack of confidence among investors, further contributing to the stock's downward movement.
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