Why is Anjani Synth. falling/rising?
As of 23-Sep, Anjani Synthetics Ltd's stock price is at 32.00, down 0.78%, and trading below all key moving averages, indicating a bearish trend. Despite a 3.32% decline over the past week and a 30.99% drop year-to-date, there is increased investor interest with a 174.25% rise in delivery volume compared to the 5-day average.
As of 23-Sep, Anjani Synthetics Ltd is experiencing a decline in its stock price, currently at 32.00, reflecting a decrease of 0.25 or 0.78%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 3.32%, and it has seen a significant drop of 30.99% year-to-date. However, there has been a notable increase in investor participation, with delivery volume rising by 174.25% compared to the 5-day average, suggesting some interest despite the overall downward movement. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent performance.In the broader market context, Anjani Synthetics Ltd's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.34% over the past week. While the Sensex has shown a positive return of 0.98% over the past month, Anjani Synthetics has dropped 9.09% in the same period. This stark contrast highlights the stock's underperformance relative to the market, contributing to the perception of weakness among investors.
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