Why is Ampvolts falling/rising?
As of 28-Oct, Ampvolts Ltd's stock price is Rs 23.40, up 11.96% today, with significant investor interest reflected in a 1235.68% increase in delivery volume. However, the stock has a concerning year-to-date decline of 65.56%, indicating challenges despite recent short-term gains.
As of 28-Oct, Ampvolts Ltd's stock price is currently at Rs 23.40, reflecting an increase of Rs 2.5 or 11.96%. Today's performance indicates that the stock has outperformed its sector by 12.66%, with an intraday high of Rs 23.83, marking a rise of 14.02%. The stock has exhibited high volatility today, with an intraday volatility of 6.53%. Additionally, there has been a significant increase in investor participation, as evidenced by a delivery volume that rose by 1235.68% compared to the 5-day average. However, the stock's year-to-date performance remains concerning, with a decline of 65.56%, despite its impressive long-term growth of 3229.12% over the past five years.In the broader market context, Ampvolts' short-term return over the past week shows a gain of 1.34%, which is significantly better than the Sensex's increase of only 0.24%. However, over the past month, Ampvolts has underperformed with a decline of 1.10% compared to the Sensex's rise of 5.22%. This suggests that while there is some positive momentum in the short term, the stock still faces challenges in the longer term, particularly given its substantial year-to-date loss compared to the Sensex's gain of 8.30%. Overall, the recent price increase may be attributed to heightened trading activity and investor interest, despite the stock's historical underperformance relative to the market.
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