Why is Annapurna Swadi. falling/rising?
As of 23-Oct, Annapurna Swadisht Ltd's stock price is at 249.80, down 8.82% and significantly underperforming compared to its sector and the Sensex. The stock is in a bearish trend, trading below all major moving averages, with a drastic drop in delivery volume and a year-to-date decline of 35.84%.
As of 23-Oct, Annapurna Swadisht Ltd is experiencing a decline in its stock price, currently at 249.80, reflecting a decrease of 24.15 points or 8.82%. The stock has underperformed significantly today, with a performance that is 8.77% lower than its sector. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also seen a drastic drop of 89.49% compared to the 5-day average, suggesting a lack of investor interest. Over the past week, the stock has declined by 4.38%, and year-to-date, it has fallen by 35.84%, contrasting sharply with the Sensex, which has gained 9.50% during the same period.In the broader market context, the stock's recent performance has been notably poor compared to the benchmark, as it has consistently underperformed over various time frames, including a 7.34% decline over the past month against a 2.87% rise in the Sensex. This trend reflects a broader weakness in investor sentiment towards Annapurna Swadisht Ltd, especially given the significant drop in trading volume and the stock's inability to maintain pace with market averages. The lack of available positive factors further exacerbates the situation, leaving the stock vulnerable to continued declines in the face of a generally rising market.
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