Why is Artefact Project falling/rising?
As of 17-Sep, Artefact Projects Ltd is priced at 70.39, down 0.86%. The stock has underperformed recently, with a year-to-date decline of 14.69% and a significant drop in delivery volume, indicating reduced investor interest.
As of 17-Sep, Artefact Projects Ltd is currently priced at 70.39, reflecting a decrease of 0.61, or 0.86%. The stock has been underperforming, having lost 2.25% over the last two days and showing a performance today that is 1.09% lower than its sector. In terms of returns, the stock has declined by 14.69% year-to-date and 12.03% over the past year, while it has seen a slight increase of 0.10% over the past month. Additionally, the stock's delivery volume has decreased by 24.07% compared to the 5-day average, indicating falling investor participation. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that Artefact Projects Ltd has underperformed against the Sensex, which has gained 1.56% over the past week and 2.60% over the past month. While the stock has outperformed the benchmark over a longer three-year period with a return of 22.20% compared to the Sensex's 40.54%, its recent performance highlights a significant divergence from the broader market trends. The overall market has shown resilience, contrasting with Artefact's struggles, which could be contributing to the stock's downward movement.
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