Why is Ampvolts falling/rising?
As of 23-Sep, Ampvolts Ltd's stock price is Rs 23.85, down 7.81%, and has significantly underperformed its sector and the market, with a year-to-date decline of 64.90% compared to a 5.07% gain in the benchmark index. Despite a recent increase in delivery volume, the stock is in a bearish trend, trading below all key moving averages.
As of 23-Sep, Ampvolts Ltd is experiencing a decline in its stock price, currently at Rs 23.85, which represents a decrease of Rs 2.02 or 7.81%. The stock has underperformed its sector by 7.22% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 23.8, reflecting an 8% drop. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a rise in investor participation with a 77.61% increase in delivery volume on 22 September, the overall performance over the year shows a significant decline of 64.90%, contrasting with a modest gain of 5.07% in the benchmark index.In the broader market context, Ampvolts' short-term performance over the past week shows a decline of 4.18%, while the Sensex has only decreased by 0.34%. This indicates that Ampvolts is underperforming relative to the market. Over the past month, however, the stock has gained 0.63%, while the Sensex has increased by 0.98%, suggesting some volatility in its recent performance. The stark contrast in year-to-date returns, with Ampvolts down 64.90% compared to the Sensex's 5.07% gain, highlights the challenges faced by the company in the current market environment.
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