Why is Ashoka Buildcon falling/rising?
As of 07-Aug, Ashoka Buildcon Ltd. is priced at 195.75, having decreased by 0.13% and showing a downward trend over the last three days. The stock is underperforming compared to the Sensex, with significant declines over various time frames, indicating bearish market sentiment.
As of 07-Aug, Ashoka Buildcon Ltd. is currently priced at 195.75, reflecting a decrease of 0.25, or 0.13%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 1.68% 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 sentiment. The delivery volume has also decreased by 2.3% compared to the 5-day average, suggesting a decline 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, Ashoka Buildcon's performance over the past week shows a decline of 2.61%, which is significantly worse than the Sensex's decrease of 0.69%. Over the past month, the stock has dropped 4.79%, while the benchmark has fallen by 3.38%. Year-to-date, Ashoka Buildcon has seen a substantial decline of 37.12%, contrasting sharply with the Sensex's gain of 3.18%. This underperformance relative to the benchmark indicates that the stock is struggling in the current market environment, contributing to its recent price decline.
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