Why is Asian Star Co. falling/rising?
As of 11-Nov, Asian Star Company Ltd's stock price is 720.35, up 2.0% recently, but it has a year-to-date decline of 10.52%. Despite short-term gains, it has underperformed the benchmark Sensex over the past month and year.
As of 11-Nov, Asian Star Company Ltd is experiencing a price increase, with its current price at 720.35, reflecting a rise of 14.15 or 2.0%. The stock has shown positive momentum recently, gaining for the last two days and achieving a total return of 6.42% during this period. It opened with a 2% gain today and reached an intraday high of Rs 720.35. Additionally, the stock has outperformed its sector by 1.74%. However, despite this recent uptick, the stock has a year-to-date decline of 10.52% and a one-year decline of 11.61%, indicating a challenging longer-term performance. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.49% over the past week, Asian Star Company Ltd's short-term return of 0.47% is slightly lower. Over the past month, the stock has underperformed the benchmark, with a decline of 3.18% compared to the Sensex's gain of 1.66%. This suggests that while the stock is currently rising, it has struggled to keep pace with broader market trends in the longer term, particularly over the past year where the Sensex has gained 5.50%.
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