Why is Amiable Logistic falling/rising?
As of 09-Sep, Amiable Logistics India Ltd is priced at 65.00, up 5.26% today, but has declined significantly over the past week, month, and year. The stock is underperforming compared to the Sensex, despite increased investor participation suggesting a potential shift in sentiment.
As of 09-Sep, Amiable Logistics India Ltd is currently priced at 65.00, reflecting an increase of 3.25 or 5.26%. Despite this positive movement today, the stock has experienced a decline of 5.80% over the past week, 12.75% over the past month, and 25.29% year-to-date. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. However, there has been a notable increase in investor participation, with delivery volume rising by 25% compared to the 5-day average, suggesting a potential shift in market sentiment. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, while Amiable Logistics has outperformed its sector by 5.67% today, its overall performance remains weak compared to the benchmark Sensex, which has gained 1.18% over the past week. The stark contrast between the stock's negative returns over various periods and the positive performance of the Sensex indicates that the stock is struggling relative to the broader market. This divergence highlights the challenges faced by Amiable Logistics, despite today's uptick in price.
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