Why is BEW Engg falling/rising?
As of 04-Sep, BEW Engineering Ltd's stock price is declining at 151.25, down 1.27%, and has underperformed its sector. The stock has dropped 4.48% in the past week and 41.58% year-to-date, contrasting sharply with the broader market's gains.
As of 04-Sep, BEW Engineering Ltd is experiencing a decline in its stock price, currently at 151.25, which reflects a decrease of 1.95 or 1.27%. The stock has underperformed its sector by 0.46% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.48%, and year-to-date, it has seen a significant decline of 41.58%. Despite a rise in delivery volume by 29.41% against the 5-day average, the overall performance remains weak, with no positive factors available to counterbalance the negative trends.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.95% over the past week, BEW Engineering's performance is notably poor. The Sensex has also shown a slight gain of 4.61% year-to-date, contrasting sharply with BEW Engineering's substantial decline. This disparity indicates that while the broader market is experiencing growth, BEW Engineering is struggling significantly, contributing to its falling stock price.
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