Why is Ambar Protein falling/rising?
As of 10-Sep, Ambar Protein Industries Ltd's stock price is Rs 324.50, down 4.99%, and has fallen 14.24% over the last three days. Despite strong long-term returns, the stock is underperforming relative to the market and sector, with significantly decreased investor participation.
As of 10-Sep, Ambar Protein Industries Ltd is experiencing a decline in its stock price, currently at Rs 324.50, which reflects a decrease of Rs 17.05 or 4.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 14.24% during this period. Today's performance indicates that the stock opened with a loss of 4.99% and has not traded outside this price point. Additionally, the stock's delivery volume has significantly decreased by 90.68% compared to the five-day average, suggesting a decline in investor participation. While the stock has shown strong returns over the longer term, such as a 67.70% increase year-to-date and a 102.81% rise over the past year, it has recently underperformed the sector by 8.82%.In the broader market context, the Sensex has shown a positive return of 1.06% over the past week, contrasting with Ambar Protein's decline of 5.46% during the same period. This indicates that while the overall market is performing well, Ambar Protein is struggling to keep pace. The sector of Solvent Extraction has gained by 3.85%, further highlighting the stock's relative weakness. The stock's performance is also below its moving averages for the short-term, which may indicate bearish sentiment among investors. Overall, the combination of declining investor participation and underperformance relative to both the sector and the benchmark has contributed to the stock's recent downward trend.
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