Why is Birla Cable falling/rising?
As of 18-Nov, Birla Cable Ltd is priced at 148.20, down 2.47%, and has underperformed its sector and the broader market, with a year-to-date decline of 30.80%. The stock is trading below all major moving averages and has seen a significant drop in investor participation.
As of 18-Nov, Birla Cable Ltd is currently priced at 148.20, reflecting a decrease of 3.75, or 2.47%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.42%. It has also underperformed its sector by 1.63% today. The stock touched an intraday low of Rs 147.1 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 33.18% compared to the 5-day average. The stock's year-to-date performance shows a significant decline of 30.80%, indicating ongoing challenges.In the broader market context, the Sensex has shown a positive return of 0.96% over the past week, contrasting sharply with Birla Cable's decline of 2.79% during the same period. This underperformance highlights the stock's struggles relative to the overall market. While the stock has experienced a substantial increase of 185.55% over the past five years, its recent trends indicate a troubling divergence from the benchmark, which has gained 91.65% in the same timeframe. The lack of positive factors in the dashboard further emphasizes the challenges faced by Birla Cable in the current market environment.
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