Why is Anka India falling/rising?
As of 20-Jun, Anka India Ltd's stock price is at 29.08, down 1.99%, and has underperformed its sector significantly, with a total decline of 14.45% over the last six days. The stock's recent struggles are attributed to a sharp drop in delivery volume and poor short-term performance compared to the broader market.
As of 20-Jun, Anka India Ltd's stock price is currently at 29.08, reflecting a decrease of 0.59, or 1.99%. The stock has been on a downward trend, having underperformed its sector by 3.19% today and experiencing a consecutive fall for the last six days, resulting in a total decline of 14.45% during this period. Additionally, the stock's performance over the past week and month shows significant underperformance, with declines of 11.45% and 16.87%, respectively. Despite a strong year-to-date return of 42.13% and impressive long-term gains, the recent drop in delivery volume by 98.06% against the 5-day average indicates a lack of investor participation, contributing to the stock's decline.In the broader market context, while the Sensex has shown positive movement with a gain of 1.59% over the past week, Anka India Ltd has significantly lagged behind, highlighting its recent struggles. The stock's performance over the past month also contrasts sharply with the benchmark, which has risen by 1.50%. This disparity suggests that external market conditions may be favoring other stocks, while Anka India faces challenges that are impacting its price negatively. Overall, the combination of declining investor interest and poor short-term performance relative to the benchmark is driving the stock's recent downward trend.
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