Why is Amiable Logistic falling/rising?
As of 04-Jul, Amiable Logistics India Ltd is priced at 75.90 with no change, having underperformed its sector today. The stock has increased by 2.71% over the past week but has a year-to-date decline of 12.76%, indicating challenges in regaining investor confidence despite recent positive movements.
As of 04-Jul, Amiable Logistics India Ltd is currently priced at 75.90, showing no change (0.00%). The stock has underperformed its sector today by 0.29%. In terms of recent performance, the stock has increased by 2.71% over the past week and 6.90% over the past month, despite a year-to-date decline of 12.76%. Additionally, the stock is currently trading above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. Notably, investor participation has decreased, with delivery volume falling by 28.57% compared to the 5-day average, indicating a potential lack of interest among investors.Broader Market Context: In comparison to the benchmark Sensex, which has declined by 0.69% over the past week and increased by 3.42% over the past month, Amiable Logistics has outperformed in the short term. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 7.68%. This disparity suggests that while the stock has shown some positive movement recently, it still faces challenges in regaining investor confidence and aligning with broader market trends.
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