Why is Amiable Logistic falling/rising?
As of 08-Sep, Amiable Logistics India Ltd is priced at Rs. 61.75, down 1.36%, and has hit a 52-week low of Rs. 59.9. The stock has significantly underperformed its sector and the broader market, with a year-to-date decline of 29.02% and a notable drop in investor participation.
As of 08-Sep, Amiable Logistics India Ltd is currently priced at Rs. 61.75, reflecting a decrease of Rs. 0.85 or 1.36%. The stock has recently hit a new 52-week low of Rs. 59.9 and has underperformed its sector by 2.08%. Over the past week, the stock has declined by 10.51%, and its year-to-date performance shows a significant drop of 29.02%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume falling by 37.5% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that while Amiable Logistics has been declining, the benchmark Sensex has gained 0.60% over the past week and 4.77% year-to-date. This stark contrast highlights the stock's underperformance relative to the broader market, as it has not only fallen significantly in the short term but also over longer periods, such as a 17.11% decline in the last month. The overall market appears to be on an upward trajectory, which further emphasizes the challenges faced by Amiable Logistics in attracting investor interest and maintaining its stock price.
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