Why is Ashima falling/rising?
As of 24-Sep, Ashima Ltd's stock price is at 23.46, down 0.42%, and has declined 4.09% over the last three days. The stock is trading below all major moving averages, indicating a bearish trend, and has underperformed significantly compared to the Sensex.
As of 24-Sep, Ashima Ltd's stock price is currently at 23.46, reflecting a decrease of 0.1, or 0.42%. The stock has been experiencing a downward trend, having lost value for the last three consecutive days, resulting in a total decline of 4.09% during this period. Additionally, Ashima 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 seen a significant drop, falling by 45.57% compared to the 5-day average, suggesting a decrease in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Ashima's short-term performance has been notably worse than the benchmark, with a 1-week decline of 4.05% compared to the Sensex's drop of only 1.18%. Over the past month, Ashima has decreased by 10.18%, while the Sensex has gained 0.50%. Year-to-date, Ashima's performance is significantly negative at -27.82%, contrasting sharply with the Sensex's positive return of 4.58%. This stark difference highlights the challenges Ashima is facing in the current market environment, contributing to its declining stock price.
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