Why is Beeyu Overseas falling/rising?
As of 01-October, Beeyu Overseas Ltd's stock price is Rs. 3.15, down 6.8%, with a year-to-date decline of 32.98%. Despite a recent increase in investor participation, the stock's long-term outlook remains negative compared to the Sensex's gain of 3.64%.
As of 01-October, Beeyu Overseas Ltd's stock price is currently at Rs. 3.15, reflecting a decrease of Rs. 0.23, or 6.8%. The stock has recently hit a new 52-week low of Rs. 2.71 and has underperformed its sector by 8.02%. In terms of returns, the stock has shown a 5.00% increase over the past week, but it has declined by 3.08% over the past month and 32.98% year-to-date. While the stock is currently trading higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. There has been a rise in investor participation, with delivery volume increasing by 6.79% against the 5-day average, indicating some interest despite the overall negative performance.In the broader market context, the Sensex has experienced a slight decline of 0.90% over the past week, while Beeyu Overseas has outperformed the benchmark during this period. However, the stock's year-to-date performance shows a stark contrast, with a significant drop compared to the Sensex's gain of 3.64%. This suggests that while there may be short-term fluctuations, the long-term trend for Beeyu Overseas remains concerning, particularly given its substantial decline over the year and the lack of available positive factors to support a recovery.
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