Why is Ampvolts falling/rising?
As of 13-Oct, Ampvolts Ltd's stock price has declined to Rs. 21.16, marking a 7.88% drop and a new 52-week low. The stock has underperformed significantly compared to the market, with a year-to-date decline of 68.86% and no current catalysts for recovery.
As of 13-Oct, Ampvolts Ltd is experiencing a decline in its stock price, currently at Rs. 21.16, which reflects a decrease of 1.81 or 7.88%. The stock has hit a new 52-week low today and has underperformed its sector by 7.13%. Although it opened with a gain of 3.57% and reached an intraday high of Rs. 23.79, it ultimately fell to its lowest point of Rs. 21.16. The stock has shown high volatility today, with an intraday volatility of 5.83%, and is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 14.15% against the 5-day average, suggesting waning interest among investors.In the broader market context, Ampvolts' performance over the past week shows a decline of 8.95%, contrasting sharply with the Sensex, which has gained 0.66% during the same period. Year-to-date, Ampvolts has plummeted by 68.86%, while the Sensex has risen by 5.36%. This stark difference highlights the stock's struggles relative to the overall market, further compounded by its significant underperformance over the past month and year. The lack of positive factors in the dashboard indicates that there are no current catalysts to support a rebound, reinforcing the negative sentiment surrounding the stock.
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