Why is Adhbhut Infra. falling/rising?
As of 23-Oct, Adhbhut Infrastructure Ltd's stock price is Rs 17.10, down 11.31%, and significantly underperforming compared to its sector and the Sensex. The stock shows a bearish trend, trading below key moving averages, with a drastic decline in delivery volume, indicating reduced investor interest.
As of 23-Oct, Adhbhut Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 17.10, which reflects a decrease of Rs 2.18 or 11.31%. The stock has underperformed significantly today, with a performance drop of 11% compared to its sector. It reached an intraday low of Rs 17, indicating a high level of volatility with an intraday fluctuation of 5.92%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also seen a drastic decline of 91.87% against the 5-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Adhbhut Infrastructure Ltd's performance over the past week shows a decline of 6.25%, while the Sensex has increased by 1.30%, highlighting a significant underperformance relative to the benchmark. Over the past month, the stock has decreased by 2.40%, contrasting with the Sensex's gain of 2.99%. Year-to-date, the stock has fallen by 19.94%, while the Sensex has risen by 8.21%. This stark difference in performance indicates that the stock is struggling to attract investor interest compared to the overall market, contributing to its recent price decline.
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