Why is Adhbhut Infra. falling/rising?
As of 23-Sep, Adhbhut Infrastructure Ltd's stock price is 17.52, down 2.45%, and has underperformed its sector and the market significantly over the past year. Despite a slight short-term gain compared to the Sensex, the stock shows a bearish trend with declining investor interest and substantial losses year-to-date.
As of 23-Sep, Adhbhut Infrastructure Ltd is experiencing a decline in its stock price, currently at 17.52, which reflects a decrease of 0.44 or 2.45%. The stock has underperformed its sector by 1.79% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.61% during this period. Additionally, the stock has shown poor performance over the past month, with a decrease of 7.79%, and a significant year-to-date drop of 17.98%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 94.27% compared to the five-day average, suggesting reduced interest in the stock.In the broader market context, Adhbhut Infrastructure Ltd's short-term performance has been slightly better than the benchmark Sensex over the past week, where the stock gained 0.11% compared to the Sensex's decline of 0.34%. However, the longer-term performance reveals a stark contrast, with the stock down 24.68% over the past year while the Sensex has only decreased by 3.33%. This indicates that while the stock may have had minor short-term resilience, it is significantly lagging behind the overall market performance, contributing to the negative sentiment surrounding it.
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