Why is Avadh Sugar falling/rising?
As of 12-Nov, Avadh Sugar & Energy Ltd's stock price is Rs 378.00, down 3.11% after eight consecutive days of decline totaling 13.74%. The stock has significantly underperformed its sector and the benchmark Sensex, with notable negative returns year-to-date and over the past year.
As of 12-Nov, Avadh Sugar & Energy Ltd's stock price is currently at Rs 378.00, reflecting a decrease of Rs 12.15, or 3.11%. The stock has been on a downward trend, having fallen consecutively for the last eight days, resulting in a total decline of 13.74% during this period. Additionally, the stock has underperformed its sector by 2.78% today and has shown significant negative returns over various time frames, including a 26.32% drop year-to-date and a 35.78% decline over the past year. The stock is trading below all its moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 26.5% against the five-day average, the overall sentiment remains negative.In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 1.21% over the past week and 2.38% over the past month. This stark contrast highlights the challenges faced by Avadh Sugar, as it has experienced a 14.23% decline over the past month and a 11.22% drop in the last week. The broader market's positive movement contrasts sharply with Avadh Sugar's struggles, further emphasizing the stock's recent underperformance.
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