Why is BEW Engg falling/rising?
As of 06-Nov, BEW Engineering Ltd's stock price has declined to Rs. 122.10, marking a 6.04% drop and a new 52-week low of Rs. 120. The stock has significantly underperformed its sector and the market, with a 58.65% decline over the past year and a notable decrease in investor participation.
As of 06-Nov, BEW Engineering Ltd is experiencing a decline in its stock price, currently at Rs. 122.10, which represents a decrease of Rs. 7.85 or 6.04%. The stock has hit a new 52-week low of Rs. 120 today and has underperformed its sector by 4.96%. Additionally, BEW Engineering is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 45.05% compared to the 5-day average. Over the past year, the stock has declined by 58.65%, while the benchmark Sensex has increased by 4.19%, further highlighting the stock's poor performance relative to the market.In the broader market context, BEW Engineering's short-term return over the past week is -8.88%, which starkly contrasts with the Sensex's decline of only 1.42%. This significant underperformance suggests that investor sentiment towards BEW Engineering is particularly negative compared to the overall market. The lack of positive factors in the provided data further emphasizes the challenges the company is facing, contributing to the downward pressure on its stock price.
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