Why is BEW Engg falling/rising?
As of 24-Oct, BEW Engineering Ltd's stock price is 144.80, up 7.5% today but down 44.07% year-to-date. The stock has shown reduced trading interest and significant long-term underperformance compared to the Sensex, which has risen 5.72% over the past year.
As of 24-Oct, BEW Engineering Ltd's stock price is currently at 144.80, reflecting an increase of 10.1, or 7.5%. The stock has outperformed its sector today by 7.72%, although it is currently trading above its 5-day and 20-day moving averages, but below its 50-day, 100-day, and 200-day moving averages. Despite this positive movement today, the stock has shown a decline of 3.76% over the past month and a significant drop of 44.07% year-to-date. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 42.86% against the 5-day average, indicating reduced trading interest. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the factors influencing the stock's movement.Broader market context shows that while BEW Engineering Ltd has experienced a short-term gain of 18.20% over the past week, this is in stark contrast to the Sensex, which has only increased by 0.33% during the same period. Over the longer term, however, the stock has underperformed significantly compared to the benchmark, with a staggering decline of 88.87% over the past year, while the Sensex has risen by 5.72%. This disparity highlights the challenges BEW Engineering Ltd faces in regaining investor confidence, despite its recent price increase.
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