Why is Addi Industries falling/rising?
As of 14-Jul, Addi Industries Ltd's stock price is at 95.02, down 1.99%, and has declined 5.83% over the last three days with a significant drop in delivery volume. Despite strong long-term performance, the stock is underperforming in the short term compared to the broader market.
As of 14-Jul, Addi Industries Ltd is experiencing a decline in its stock price, currently at 95.02, which represents a decrease of 1.93 or 1.99%. The stock has underperformed its sector by 1.47% today and has been on a consecutive fall for the last three days, accumulating a total decline of 5.83% during this period. Additionally, the stock has shown a significant drop in delivery volume, with a 77.31% decrease compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 5.86%, while it has performed well year-to-date with a return of 126.99%, suggesting a stark contrast between its long-term and short-term performance.Broader Market Context: In comparison to the benchmark, the Sensex has only declined by 1.42% over the past week, indicating that Addi Industries' short-term performance is significantly worse than the broader market. While the stock has shown impressive returns over longer periods, such as 94.31% over the past year and 227.66% over the last three years, the recent downturn highlights a troubling trend in the short term. The current market conditions, characterized by declining investor interest and negative short-term returns, are contributing to the stock's recent struggles.
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