Why is Arham Tech falling/rising?
As of 04-Aug, Arham Technologies Ltd's stock price is Rs 79.50, down 2.99%, and has significantly underperformed with a 41.05% year-to-date decline. Despite increased investor participation, the stock remains below all moving averages, indicating a bearish trend.
As of 04-Aug, Arham Technologies Ltd is experiencing a decline in its stock price, currently at Rs 79.50, which reflects a decrease of Rs 2.45 or 2.99%. The stock has underperformed today, touching an intraday low of Rs 79.5 and is now just 1.64% away from its 52-week low of Rs 78.2. Over the past week, the stock has decreased by 1.00%, and it has seen a significant drop of 10.67% over the past month. Year-to-date, the stock is down 41.05%, while its performance over the last year shows a decline of 42.06%. Despite this downturn, there has been a rise in investor participation, with delivery volume increasing by 20% against the 5-day average, indicating some interest in the stock despite its negative performance.In the broader market context, the Sensex has shown a slight increase of 0.17% over the past week, contrasting with Arham Technologies' decline. While the benchmark index has gained 4.56% year-to-date, Arham Technologies has significantly lagged behind, highlighting its struggles in the current market environment. The stock is trading below all its moving averages, which suggests a bearish trend. The lack of positive factors in the dashboard further emphasizes the challenges faced by the company, contributing to the ongoing decline in its stock price.
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