Why is Akshar Spintex falling/rising?
As of 20-Oct, Akshar Spintex Ltd's stock price is at 0.58, down 4.92%, with significant declines over various periods, including a 22.67% year-to-date drop. The stock is underperforming compared to the broader market, as indicated by the Sensex's 2.47% gain over the past week.
As of 20-Oct, Akshar Spintex Ltd's stock price is currently at 0.58, reflecting a decline of 0.03 or 4.92%. The stock has been underperforming, having lost 12.12% over the last three days and showing a significant drop of 15.94% over the past week. Additionally, the stock's delivery volume has plummeted by 97.4% compared to its 5-day average, indicating a decrease in investor participation. The stock's performance has been poor over longer periods as well, with a year-to-date decline of 22.67% and a staggering 70.86% drop over the last three years. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that while Akshar Spintex has been declining, the benchmark Sensex has gained 2.47% over the past week. This stark contrast highlights the stock's underperformance relative to the broader market, where it has consistently lagged behind, evidenced by its negative returns across various time frames compared to the Sensex's positive performance. The overall market sentiment appears to favor other investments, further contributing to the downward pressure on Akshar Spintex's stock price.
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