Why is Abhishek Infra. falling/rising?
As of 12-Nov, Abhishek Infraventures Ltd's stock price is declining at 6.88, down 4.58%, and has underperformed its sector by 5.27%. The stock is on a bearish trend, trading below all key moving averages, with a significant drop in delivery volume and a year-to-date decline of 4.31%, contrasting with the Sensex's gain of 8.10%.
As of 12-Nov, Abhishek Infraventures Ltd is experiencing a decline in its stock price, currently at 6.88, which reflects a decrease of 0.33 or 4.58%. The stock has underperformed its sector by 5.27% today and has been on a downward trend for the last two days, accumulating a total loss of 9.23% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a drop of 99.27% compared to the 5-day average, suggesting a lack of investor interest. The stock's year-to-date performance shows a decline of 4.31%, contrasting sharply with the Sensex, which has gained 8.10% over the same period.In the broader market context, Abhishek Infraventures Ltd's short-term performance is notably weaker than the benchmark, as it has fallen 2.55% over the past week while the Sensex has risen by 1.21%. This underperformance is further highlighted by the stock's negative returns over the past month and year, compared to the positive returns of the Sensex. The significant disparity in performance indicates that while the broader market is experiencing growth, Abhishek Infraventures Ltd is struggling, which could be attributed to declining investor participation and overall market sentiment towards the stock.
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