Why is Avax Apparels falling/rising?
As of 08-Oct, Avax Apparels and Ornaments Ltd is currently priced at Rs 139.30, reflecting a 4.97% increase and a total return of 10.21% over the last two days. The stock has significantly outperformed the Sensex, with a 15.70% return over the past week and 38.95% over the past month, indicating strong investor sentiment.
As of 08-Oct, Avax Apparels and Ornaments Ltd is experiencing a price increase, currently at Rs 139.30, reflecting a rise of 6.6 points or 4.97%. The stock has shown strong performance recently, with a consecutive gain over the last two days, accumulating a total return of 10.21%. It opened today with a gain of 4.94% and reached an intraday high of Rs 139.30. Additionally, the stock has outperformed its sector by 5.92% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 35.14% against the 5-day average. There is no information available regarding positive or negative factors that could influence the stock's movement.Broader market context indicates that Avax Apparels has significantly outperformed the benchmark Sensex over the past week, with a return of 15.70% compared to the Sensex's 0.98%. Over the past month, the stock has also shown a remarkable return of 38.95%, while the Sensex has only increased by 1.22%. This strong performance relative to the benchmark suggests that investor sentiment towards Avax Apparels is robust, contributing to its rising stock price.
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