Why is Ashapura Logi. falling/rising?
As of 06-October, Ashapura Logistics Ltd's stock price is 73.85, down 4.28%, and has underperformed its sector and the broader market significantly over the past year. Despite a recent recovery in the past month, year-to-date and one-year returns show a substantial decline, indicating unfavorable market conditions for the stock.
As of 06-October, Ashapura Logistics Ltd is experiencing a decline in its stock price, currently at 73.85, reflecting a decrease of 3.3 or 4.28%. The stock has underperformed its sector today by 2.41%, and its delivery volume has fallen by 18.92% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has decreased by 2.64%, while it has shown a positive return of 13.62% over the past month. However, its year-to-date performance is down by 18.85%, and it has significantly underperformed over the past year with a decline of 37.31%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the Sensex has increased by 1.80% over the past week, contrasting with Ashapura Logistics' decline, which highlights the stock's underperformance relative to the benchmark. While the stock has shown some recovery in the past month, its year-to-date and one-year returns indicate a significant lag behind the market, which has grown by 6.06% and 0.25%, respectively. This disparity suggests that broader market conditions are not favoring Ashapura Logistics, contributing to its current price decline.
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