Why is Amiable Logistic falling/rising?
As of 17-Sep, Amiable Logistics India Ltd is priced at Rs 62.60, showing a slight increase but underperforming with a 1-week return of -7.94% and a year-to-date return of -28.05%. The stock is trading below its moving averages and has seen a significant drop in investor participation, indicating ongoing challenges.
As of 17-Sep, Amiable Logistics India Ltd is currently priced at Rs 62.60, reflecting a slight increase of 0.1 (0.16%). The stock has been underperforming recently, with a 1-week return of -7.94% and a 1-month return of -9.41%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is 4.31% away from its 52-week low of Rs 59.9. There has been a notable decline in investor participation, with delivery volume dropping by 37.5% against the 5-day average, suggesting reduced interest in the stock.In the broader market context, the Sensex has shown a positive return of +1.43% over the past week and +2.84% over the past month, contrasting sharply with Amiable Logistics' negative performance. This divergence indicates that while the overall market is experiencing gains, Amiable Logistics is struggling significantly. The stock's year-to-date return of -28.05% further emphasizes its underperformance relative to the benchmark, which has gained 7.13% in the same period. Overall, the combination of declining investor interest and poor relative performance against the benchmark suggests that Amiable Logistics is facing challenges that are contributing to its recent price movements.
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