Why is Ambar Protein falling/rising?
As of 18-Sep, Ambar Protein Industries Ltd's stock price is Rs 335.10, down 4.18%, and has underperformed its sector by 8.05%. Despite strong long-term gains, recent trends show a decline in investor interest and a challenging market environment.
As of 18-Sep, Ambar Protein Industries Ltd is experiencing a decline in its stock price, currently at Rs 335.10, reflecting a decrease of Rs 14.6 or 4.18%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 6.27%. Today, it opened with a loss of 2.77% and reached an intraday low of Rs 332.25. Despite touching a high of Rs 363.75 earlier in the day, the overall performance indicates a significant downturn. The stock has also underperformed its sector by 8.05%. In terms of returns, while the stock has shown impressive gains over the longer term, such as a 73.18% increase year-to-date and a 113.44% rise over the past year, it has struggled recently, with a 1-week decline of 1.64%.In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.80% over the past week. The solvent extraction sector, in which Ambar operates, has seen a positive movement of 3.87%, indicating that the broader sector is performing well even as Ambar's stock falters. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 21.37% compared to the 5-day average, suggesting reduced interest in the stock. Despite being liquid enough for trading, the stock's current trajectory reflects a challenging environment for investors, compounded by its recent underperformance relative to both the sector and the market benchmark.
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