Why is Artemis Electri. falling/rising?
As of 15-Oct, Artemis Electricals & Projects Ltd is facing a decline in stock price, currently at 23.21, down 2.56% and underperforming against the market. The stock has fallen for three consecutive days and is trading below all major moving averages, indicating a bearish trend and lack of investor interest.
As of 15-Oct, Artemis Electricals & Projects Ltd is experiencing a decline in its stock price, currently at 23.21, reflecting a decrease of 0.61 or 2.56%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 4.76%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, down by 55.88% compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over the past week, month, and year has been notably poor, with declines of 5.77%, 11.65%, and 22.63%, respectively, while the stock has shown strong growth over the last three and five years.In the broader market context, the Sensex has shown a positive return of 1.02% over the past week and 1.00% over the past month, contrasting sharply with Artemis Electricals' negative returns during the same periods. This underperformance relative to the benchmark indicates that the stock is not only struggling on its own but is also lagging behind the overall market trend. The significant drop in investor participation and the stock's inability to maintain momentum against a rising market further exacerbate its current challenges.
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