Why is Adinath Textiles falling/rising?
As of 11-Nov, Adinath Textiles Ltd's stock price is at 24.70, reflecting a decline of 1.04% and a total drop of 5.73% over the last two days. The stock has significantly underperformed its sector and the broader market, with a year-to-date decline of 9.69%.
As of 11-Nov, Adinath Textiles Ltd is experiencing a decline in its stock price, currently at 24.70, which reflects a decrease of 0.26 or 1.04%. The stock has underperformed its sector by 1.86% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.73% during this period. Additionally, the stock's performance over the past week shows a significant decline of 9.85%, while it has also underperformed on a year-to-date basis with a drop of 9.69%. The delivery volume has decreased substantially, falling by 53.82% compared to the 5-day average, indicating a reduction in investor participation. There is no information available regarding positive or negative factors affecting the stock.Broader Market Context: In comparison to the benchmark, the Sensex has shown a positive return of 0.49% over the past week, contrasting sharply with Adinath Textiles' significant decline. This underperformance is further highlighted by the stock's returns over the past month and year, where it has consistently lagged behind the benchmark, with a 1-month return of -0.64% compared to the Sensex's 1.66% gain and a 1-year return of -12.91% against the Sensex's 5.50% increase. The broader market appears to be performing well, which exacerbates the negative sentiment surrounding Adinath Textiles.
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