Why is Amic Forging falling/rising?

Sep 09 2025 11:15 PM IST
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As of 09-Sep, Amic Forging Ltd's stock price is 1,445.35, down 0.63% and has declined 2.01% over the past week. Despite recent short-term challenges, the stock has outperformed the Sensex year-to-date and over the past month.
As of 09-Sep, Amic Forging Ltd is experiencing a decline in its stock price, currently at 1,445.35, which reflects a decrease of 9.15 points or 0.63%. The stock has been on a downward trend, having fallen for the last three days and showing a total decline of 2.01% over the past week. Despite touching an intraday high of Rs 1485, the stock's performance today has been characterized by lower trading volumes near its low price, although there has been a notable increase in delivery volume, rising by 63.84% compared to the five-day average. The stock's moving averages indicate that it is performing better than the 200-day moving average but worse than the shorter-term averages, which may suggest mixed investor sentiment. There is no information available regarding positive or negative factors impacting the stock.

In the broader market context, Amic Forging's recent performance has underperformed compared to the Sensex, which has gained 1.18% over the past week while the stock has declined by 2.01%. However, over the past month, Amic Forging has shown a positive return of 1.88%, slightly outperforming the Sensex's 1.56% gain. Year-to-date, the stock has also outperformed the benchmark with a return of 6.68% compared to the Sensex's 3.79%. This suggests that while the stock is currently facing short-term challenges, it has had a relatively strong performance in the longer term compared to the broader market.
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