Why is Best Eastern Hot falling/rising?
As of 23-Oct, Best Eastern Hotels Ltd's stock price is declining at 13.60, down 1.31%, and has underperformed its sector. The stock has seen a year-to-date drop of 20.28% and a 68.00% decline over three years, with significantly reduced investor participation.
As of 23-Oct, Best Eastern Hotels Ltd is experiencing a decline in its stock price, currently at 13.60, which represents a decrease of 0.18 or 1.31%. The stock has underperformed its sector by 0.42% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.82% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date decline of 20.28% and a staggering 68.00% drop over the last three years. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 90.04% compared to the 5-day average, contributing to the stock's downward movement.In the broader market context, the Sensex has shown a positive return of 1.30% over the past week, contrasting sharply with Best Eastern Hotels Ltd's decline of 1.31%. This underperformance is further highlighted by the stock's negative returns over the past month and year compared to the benchmark's positive returns. The broader market appears to be more favorable, as indicated by the Sensex's gains of 2.99% over the last month and 8.21% year-to-date, suggesting that external market conditions are not favoring Best Eastern Hotels Ltd at this time.
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