Why is Amiable Logistic falling/rising?
As of 17-Oct, Amiable Logistics India Ltd's stock price has risen to Rs. 65.50, reflecting a 9.17% increase, although it remains down 24.71% year-to-date. Despite today's performance outpacing its sector, the stock has struggled over the longer term compared to the broader market.
As of 17-Oct, Amiable Logistics India Ltd is experiencing a price increase, currently at Rs. 65.50, which reflects a rise of Rs. 5.5 or 9.17%. The stock has shown a performance today that outperformed its sector by 9.69%. Despite hitting a new 52-week low of Rs. 59.9 earlier in the day, the stock's delivery volume has significantly increased, rising by 100% against the 5-day average. In terms of returns, over the past week, the stock has gained 0.77%, and over the past month, it has increased by 4.63%. However, it is important to note that the stock is down 24.71% year-to-date and 17.97% over the past year, indicating a longer-term struggle despite the recent uptick.In the broader market context, the Sensex has outperformed Amiable Logistics in the short term, with a 1-week return of 1.68% compared to the stock's 0.77%. This suggests that while the stock is currently rising, it is still lagging behind the overall market performance. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, the recent increase in price can be attributed to rising investor participation and a positive performance today, despite the stock's historical underperformance relative to the benchmark.
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