Why is Abhishek Infra. falling/rising?
As of 04-Nov, Abhishek Infraventures Ltd's stock price is at 7.06, down 4.98%, and has underperformed its sector and the Sensex over the past week and year-to-date. Despite increased investor participation, the stock's consistent decline and underperformance contribute to negative sentiment.
As of 04-Nov, Abhishek Infraventures Ltd is experiencing a decline in its stock price, currently at 7.06, which represents a decrease of 0.37 or 4.98%. The stock has underperformed its sector by 5.01% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 9.6% during this period. While the stock is trading higher than its 50-day moving average, it remains below the 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, the stock has shown a rise in investor participation, with a delivery volume increase of 114.45% compared to the 5-day average. However, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the stock has underperformed relative to the benchmark Sensex over the past week, with a return of -3.55% compared to the benchmark's -1.38%. Year-to-date, the stock has also lagged behind the Sensex, showing a decline of 1.81% while the benchmark has gained 6.81%. This underperformance in both short-term and year-to-date comparisons may contribute to the negative sentiment surrounding the stock, leading to its current price decline.
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