Why is Active Clothing falling/rising?
As of 03-Nov, Active Clothing Co Ltd's stock price is at 104.30, down 1.84% and has declined 5.48% over the last four days. The stock is underperforming compared to the Sensex and trading below all major moving averages, despite a significant increase in investor participation.
As of 03-Nov, Active Clothing Co Ltd's stock price is currently at 104.30, reflecting a decrease of 1.95, or 1.84%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 5.48% during this period. Today's performance indicates that it has underperformed its sector by 2.62%. The stock also reached an intraday low of Rs 101, which represents a drop of 4.94%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these declines, there has been a notable increase in investor participation, with delivery volume rising by 198.56% against the 5-day average, suggesting some interest in the stock despite its recent poor performance. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Active Clothing's recent performance has been significantly weaker compared to the benchmark Sensex. Over the past week, the stock has declined by 4.88%, while the Sensex has only fallen by 0.94%. In the last month, the stock has experienced a substantial drop of 8.83%, contrasting sharply with the Sensex's gain of 3.41%. Year-to-date, Active Clothing is down 3.87%, while the Sensex has risen by 7.47%. This stark difference in performance indicates that the stock is not only struggling in the short term but is also lagging behind the broader market trends.
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