Why is Bhilwara Spinner falling/rising?
As of 19-Nov, Bhilwara Spinners Ltd is priced at 112.00, down 0.8%, and has underperformed with a year-to-date decline of 24.83%. Despite a recent increase in investor participation, the stock continues to trade below key moving averages and has lagged behind the benchmark Sensex.
As of 19-Nov, Bhilwara Spinners Ltd is currently priced at 112.00, reflecting a decrease of 0.9, or 0.8%. The stock has been underperforming, having lost 2.48% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, while the stock has shown a 1.86% gain over the past week, it has declined by 1.75% over the past month and has a year-to-date drop of 24.83%. There is a notable increase in investor participation, with delivery volume rising by 186.06% against the 5-day average, indicating some interest despite the recent price decline. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Bhilwara Spinners has underperformed compared to the benchmark Sensex, which has gained 0.85% over the past week while the stock itself has increased by 1.86%. However, over the past month, the stock's decline of 1.75% contrasts with the Sensex's gain of 1.47%, highlighting a weaker performance relative to the market. The significant year-to-date decline of 24.83% for Bhilwara Spinners also stands in stark contrast to the Sensex's positive return of 9.02%, indicating a challenging environment for the stock compared to broader market trends.
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