Why is Ambica Agarbat. falling/rising?
As of 24-Sep, Ambica Agarbathies Aroma & Industries Ltd is priced at 25.80, with a slight increase of 0.39%. Despite a recent uptick, the stock has underperformed its sector and the Sensex, with a year-to-date decline of 19.20% and a significant drop in investor participation.
As of 24-Sep, Ambica Agarbathies Aroma & Industries Ltd is currently priced at 25.80, reflecting a slight increase of 0.1 or 0.39%. The stock has shown a consecutive gain over the last two days, rising by 1.18%. However, it has underperformed its sector by 0.3% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 34.65% compared to the 5-day average. The stock has experienced a year-to-date decline of 19.20%, indicating a challenging performance relative to the broader market.In the broader market context, the stock's recent short-term performance contrasts with the benchmark, as it has underperformed the Sensex over the past week, with a decline of 6.25% compared to the Sensex's drop of only 1.18%. This underperformance is further highlighted by the stock's negative returns over the past month and year, while the Sensex has shown positive returns in the same periods. The overall market sentiment appears to be more favorable towards the benchmark, which may be contributing to the stock's struggles in gaining traction despite its recent minor uptick.
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