Why is Ashapura Logi. falling/rising?
As of 14-Nov, Ashapura Logistics Ltd is currently priced at 72.20, reflecting a 6.18% increase, but has seen a 54.55% drop in delivery volume. Despite recent short-term gains, the stock is down 20.66% year-to-date, underperforming compared to the Sensex, which has gained 9.58%.
As of 14-Nov, Ashapura Logistics Ltd is experiencing a price increase, currently at 72.20, reflecting a change of 4.2 or 6.18% upward. The stock has outperformed its sector today by 7.02%. However, despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 54.55% compared to the 5-day average. In terms of returns, over the past week, the stock has risen by 7.28%, while it has increased by 4.49% over the past month. Year-to-date, the stock is down 20.66%, and over the past year, it has decreased by 23.80%, indicating a longer-term struggle despite recent gains.In the broader market context, the Sensex has shown a modest increase of 1.64% over the past week and 3.04% over the past month, suggesting that while Ashapura Logistics Ltd is performing well in the short term, it is still lagging behind the benchmark in the longer term. The stock's year-to-date performance is significantly worse than the Sensex, which has gained 9.58%. This contrast highlights the challenges the company faces in regaining investor confidence and aligning its performance with broader market trends.
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