Why is Ashnoor Textile falling/rising?
As of 17-Nov, Ashnoor Textile Mills Ltd's stock price is declining at 45.10, down 2.08% and underperforming its sector. The stock has dropped 6.02% over the last four days and is significantly below all key moving averages, with a year-to-date decline of 36.50%.
As of 17-Nov, Ashnoor Textile Mills Ltd is experiencing a decline in its stock price, currently at 45.10, reflecting a decrease of 0.96 or 2.08%. The stock has underperformed its sector by 2.13% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 6.02% 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. Year-to-date, the stock has seen a significant decline of 36.50%, while its performance over the past year shows a decrease of 9.11%. Unfortunately, there is no information available regarding positive or negative factors impacting the stock's recent movement.In the broader market context, Ashnoor Textile's short-term performance has been notably weaker compared to the benchmark Sensex, which has gained 1.69% over the past week while Ashnoor has fallen by 4.04%. This trend of underperformance continues in the one-month period as well, where Ashnoor's decline of 3.28% contrasts with the Sensex's increase of 1.19%. The stark difference in returns highlights the challenges faced by Ashnoor Textile in the current market environment, further exacerbated by the stock's recent consecutive losses and its position relative to moving averages.
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