Why is Abhishek Integr. falling/rising?
As of 20-Jun, Abhishek Integrations Ltd's stock price is at 71.00, down 1.66%, and has underperformed its sector and the benchmark significantly over the past week and month. Despite a positive yearly return of 9.74%, the stock shows mixed signals with declining delivery volume and a year-to-date decline of 13.78%.
As of 20-Jun, Abhishek Integrations Ltd's stock price is currently at 71.00, reflecting a decrease of 1.2, or 1.66%. The stock has underperformed its sector today by 2.48%, and its delivery volume has significantly declined by 61.54% compared to the 5-day average, indicating falling investor participation. In terms of performance, the stock has seen a notable decline over the past week and month, with returns of -11.25% and -17.30%, respectively, while it has outperformed the benchmark over the past year with a return of 9.74%. However, it is currently trading higher than the 100-day moving average but lower than the 5-day, 20-day, 50-day, and 200-day moving averages, suggesting mixed signals regarding its recent price movement. There is no information available regarding positive or negative factors that could further explain the stock's performance.Broader market context indicates that the stock's short-term performance has been significantly weaker than the benchmark, with the Sensex gaining 1.59% over the past week and 1.74% over the past month. This contrast highlights the stock's struggles in a generally positive market environment, where the benchmark has shown resilience and growth. Year-to-date, while the stock has declined by 13.78%, the Sensex has increased by 6.21%, further emphasizing the stock's underperformance relative to the broader market trends.
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