Why is Addi Industries falling/rising?
As of 12-Nov, Addi Industries Ltd's stock price is declining at 110.10, down 6.14%, and has underperformed its sector by 7.7%. Despite a strong year-to-date performance, recent trends indicate negative sentiment with a total return drop of 12.03% over the last two days.
As of 12-Nov, Addi Industries Ltd is experiencing a decline in its stock price, currently at 110.10, which reflects a decrease of 7.2 points or 6.14%. The stock has underperformed its sector by 7.7% today and has been on a consecutive downward trend for the last two days, resulting in a total return drop of 12.03% during this period. Additionally, the stock opened with a loss of 2.81% and reached an intraday low of Rs 109.75. Although the stock remains above its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages. The trading volume has seen a slight increase, with a delivery volume of 1.84k on November 11, rising by 6.01% compared to the 5-day average. There is no information available regarding positive or negative factors impacting the stock.Broader market context indicates that Addi Industries has significantly underperformed compared to the Sensex, with a 1-week return of -12.51% against the benchmark's gain of 1.21%. Over the past month, the stock has declined by 13.65%, while the Sensex has increased by 2.38%. Despite a strong year-to-date performance of 163.02% and a 1-year return of 170.18%, the recent short-term trends suggest a negative sentiment surrounding the stock, contrasting sharply with the overall market's positive trajectory.
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