Why is Amiable Logistic falling/rising?
As of 15-Oct, Amiable Logistics India Ltd's stock price is Rs 60.00, down 7.69%, and is close to its 52-week low. The stock has significantly underperformed compared to the market, with a year-to-date return of -31.03% against the Sensex's gain of 7.10%.
As of 15-Oct, Amiable Logistics India Ltd is experiencing a decline in its stock price, currently at Rs 60.00, which represents a decrease of Rs 5.0 or 7.69%. The stock has underperformed significantly today, falling 8.26% compared to its sector. Additionally, it is trading close to its 52-week low, just 0.17% away from Rs 59.9. The stock's performance over the past week shows a decline of 7.69%, and it has also underperformed over the past month and year, with returns of -4.00% and -25.00%, respectively. The stock is trading below all its moving averages, indicating a bearish trend, and there is no available information on positive or negative factors that could influence its recent movement.In the broader market context, the benchmark Sensex has shown a positive return of 1.11% over the past week, contrasting sharply with Amiable Logistics' decline. This divergence highlights the stock's underperformance relative to the market, as it has not only fallen in the short term but also significantly lagged behind the benchmark over the longer term, with a year-to-date return of -31.03% compared to the Sensex's gain of 7.10%. This stark difference in performance suggests that investor sentiment towards Amiable Logistics is currently negative, contributing to the stock's downward trajectory.
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