Why is Ashish Polyplast falling/rising?
As of 18-Nov, Ashish Polyplast Ltd's stock price is Rs 34.00, down 4.76% and has declined 7.73% over the last three days. The stock is underperforming significantly compared to the Sensex, with a year-to-date drop of 37.04%, amid reduced investor participation and bearish trading indicators.
As of 18-Nov, Ashish Polyplast Ltd is experiencing a decline in its stock price, currently at Rs 34.00, reflecting a decrease of Rs 1.7 or 4.76%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.73% during this period. Additionally, the stock 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 significantly decreased, with an 85.98% drop compared to the 5-day average, suggesting reduced 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, Ashish Polyplast's performance has been notably poor compared to the benchmark index, Sensex. Over the past week, the stock has declined by 6.72%, while the Sensex has gained 0.96%. This trend continues over the past month, with the stock down 11.27% against a 0.86% increase in the Sensex. Year-to-date, Ashish Polyplast has seen a staggering decline of 37.04%, contrasting sharply with the Sensex's rise of 8.36%. Such underperformance highlights the stock's struggles in the current market environment, further exacerbated by the lack of investor interest and declining trading volumes.
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