Why is Assoc.Alcohols falling/rising?
As of 10-Nov, Associated Alcohols & Breweries Ltd's stock price has declined to 992.80, down 15.13%, with significant volatility and underperformance compared to its sector and the broader market. Despite recent challenges, the company has shown strong long-term growth with substantial returns over the past 3 and 5 years.
As of 10-Nov, Associated Alcohols & Breweries Ltd is experiencing a decline in its stock price, currently at 992.80, which reflects a decrease of 177.0 points or 15.13%. The stock opened significantly lower today, with an initial loss of 6.57%, and reached an intraday low of Rs 980.05, marking a decline of 16.22%. The stock has been highly volatile, exhibiting an intraday volatility of 8.12%. Additionally, it has underperformed its sector by 13.76% today. Over the past week, the stock has dropped 18.05%, while its year-to-date performance shows a decline of 9.75%. The delivery volume has also seen a substantial decrease of 73.73% compared to the 5-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In comparison to the benchmark Sensex, which has only declined by 0.53% over the past week, Associated Alcohols & Breweries Ltd's performance has been significantly worse. While the Sensex has shown a slight increase of 1.25% over the past month, the stock has decreased by 2.24%. This stark contrast highlights the stock's underperformance relative to the broader market, particularly in the short term. The stock's long-term performance, however, remains positive, with a 3-year return of 113.76% and a 5-year return of 286.08%, suggesting that while the current situation is challenging, the company has previously demonstrated strong growth.
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