Why is ABS Marine falling/rising?

Jul 30 2025 11:21 PM IST
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As of 30-Jul, ABS Marine Services Ltd's stock price is 209.70, down 4.98% and underperforming its sector. Despite a recent short-term gain of 4.90%, the stock has declined 39.23% over the past year, indicating overall negative sentiment.
As of 30-Jul, ABS Marine Services Ltd is experiencing a decline in its stock price, currently at 209.70, reflecting a decrease of 11.0 points or 4.98%. The stock has underperformed its sector by 4.96% today, despite being higher than its 5-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 20-day moving average. Notably, there has been a significant increase in investor participation, with a delivery volume of 1.47 lacs on 29 July, which is up by 281.82% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 39.23%, contrasting with a modest year-to-date gain of 4.67%.

In the broader market context, the stock's short-term performance over the past week shows a gain of 4.90%, while the benchmark Sensex has declined by 1.45%. This indicates that despite the current drop in price, the stock has been performing relatively better than the market in the short term. However, the overall negative sentiment is reflected in its long-term performance, where it has significantly underperformed compared to the benchmark over the past year. The absence of specific positive or negative factors in the dashboard limits the understanding of the underlying reasons for the stock's recent movements.
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