Why is Alkyl Amines falling/rising?
As of 07-Aug, Alkyl Amines Chemicals Ltd's stock price is Rs 2,087.00, down 3.27% and has fallen 11.23% over the last five days, underperforming the benchmark Sensex. Despite a year-to-date gain of 18.25%, recent trends indicate a bearish outlook with decreased investor participation.
As of 07-Aug, Alkyl Amines Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 2,087.00, which reflects a decrease of Rs 70.65 or 3.27%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -11.23% over that period. Today's trading saw the stock reach an intraday low of Rs 2,075, indicating significant downward pressure. Additionally, the stock's delivery volume has decreased sharply by 61.76% compared to the five-day average, suggesting a decline in investor participation. While the stock remains above its 100-day and 200-day moving averages, it is below its shorter-term moving averages, indicating a potential bearish trend. Unfortunately, the positive and negative factors impacting the stock are not available for further analysis.Broader market context shows that Alkyl Amines has underperformed the benchmark Sensex, which has only declined by 0.69% over the past week, while the stock itself has dropped by 11.23%. This stark difference highlights the stock's weakness relative to the broader market. Over the past month, Alkyl Amines has also seen a decline of 12.97%, compared to the Sensex's drop of 3.38%. Despite a year-to-date gain of 18.25%, the recent performance indicates a troubling trend, particularly when compared to the Sensex's modest increase of 3.18% during the same period.
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