Why is Arcee Industries falling/rising?
As of 17-Sep, Arcee Industries Ltd's stock price is at 5.83, showing a slight increase but trading below all key moving averages, indicating a downward trend. Despite a recent rise in trading volume, the stock has underperformed significantly over various time frames compared to the Sensex.
As of 17-Sep, Arcee Industries Ltd's stock price is currently at 5.83, reflecting a slight increase of 0.01 or 0.17%. The stock has shown erratic trading patterns, having not traded on 2 out of the last 20 days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. However, there has been a notable rise in investor participation, with delivery volume on September 12 increasing by 396.85% compared to the 5-day average. In terms of performance against benchmarks, the stock has experienced a decline of 8.19% over the past week, while it has gained 2.82% over the past month, contrasting with the Sensex's increase of 1.56% and 2.60%, respectively.In the broader market context, the stock's year-to-date performance shows a decline of 2.35%, while the Sensex has risen by 5.83%. Over the past year, Arcee Industries has underperformed significantly, with a drop of 9.61% compared to the Sensex's slight decline of 0.46%. The long-term view is even more concerning, as the stock has decreased by 30.43% over three years, while the Sensex has appreciated by 40.54%. This stark contrast highlights the challenges faced by Arcee Industries in maintaining investor confidence, despite the recent uptick in trading volume.
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