Why is Aprameya Enginee falling/rising?
As of 29-Aug, Aprameya Engineering Ltd's stock is at Rs. 193.40, up 4.99%, reaching a new all-time high and significantly outperforming its sector. The stock has shown strong momentum with substantial gains over various time frames, contrasting with the declining broader market.
As of 29-Aug, Aprameya Engineering Ltd's stock is rising, with a current price of Rs. 193.40, reflecting an increase of Rs. 9.2 or 4.99%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 5.61%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 212.5% compared to the 5-day average. The stock's performance over the past week shows a return of +14.98%, while it has gained +23.07% over the past month and an impressive +182.96% over the past year, indicating strong momentum.In the broader market context, the Sensex has experienced a decline of -1.78% over the past week and -1.59% over the past month, contrasting sharply with Aprameya Engineering's positive returns. Year-to-date, the stock has outperformed the benchmark significantly, with a return of +84.63% compared to the Sensex's +3.31%. This divergence highlights the stock's strong performance relative to the broader market, suggesting that investor sentiment remains bullish on Aprameya Engineering despite the overall market trends.
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