Why is Anuroop Packagin falling/rising?
As of 17-Oct, Anuroop Packaging Ltd's stock is priced at Rs. 13.50, down 1.24%, and has reached a 52-week low of Rs. 12.31. The stock has significantly underperformed its sector and the broader market, with year-to-date and one-year declines of 52.73% and 61.43%, respectively, indicating weak investor confidence.
As of 17-Oct, Anuroop Packaging Ltd's stock is currently priced at Rs. 13.50, reflecting a decrease of Rs. 0.17 or 1.24%. The stock has recently hit a new 52-week low of Rs. 12.31 and has underperformed its sector by 1.23%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also experienced a significant decline in performance over various periods, with a year-to-date drop of 52.73% and a one-year decline of 61.43%. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Anuroop Packaging's recent performance contrasts sharply with the Sensex, which has gained 1.76% over the past week and 7.44% year-to-date. The stock's short-term return of -5.06% over the past week significantly underperforms the benchmark's positive return, highlighting a lack of investor confidence. Furthermore, the falling investor participation, as indicated by a decrease in delivery volume, suggests that market sentiment towards the stock is weak, contributing to its downward trajectory.
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