Why is Arunjyoti Bio falling/rising?
As of 02-Jul, Arunjyoti Bio Ventures Ltd's stock price is 6.51, down 1.96% and has fallen 5.65% over the last three days, indicating a bearish trend as it trades below all major moving averages. The stock's performance is significantly weaker than the benchmark, with a year-to-date decline of 67.74% compared to the Sensex's increase of 6.75%.
As of 02-Jul, Arunjyoti Bio Ventures Ltd is experiencing a decline in its stock price, currently at 6.51, which reflects a decrease of 0.13 or 1.96%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.65% during this period. 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, falling by 61.93% compared to the 5-day average, suggesting a reduction in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Arunjyoti Bio's short-term performance has been weaker than the benchmark, with a 1-week return of +0.31% compared to the Sensex's +0.79%. Over the past month, the stock has declined by 16.32%, while the Sensex has gained 2.50%. Year-to-date, Arunjyoti Bio has seen a significant drop of 67.74%, contrasting sharply with the Sensex's increase of 6.75%. This stark difference in performance highlights the challenges faced by Arunjyoti Bio in the current market environment.
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