Why is Blue Water falling/rising?
As of 16-Sep, Blue Water Logistics Ltd's stock price is 149.15, down 4.39%, underperforming its sector and trading below all key moving averages. The stock has shown erratic trading patterns and a significant drop in delivery volume, indicating decreased investor participation.
As of 16-Sep, Blue Water Logistics Ltd is experiencing a decline in its stock price, currently at 149.15, which reflects a decrease of 6.85 or 4.39%. The stock has underperformed its sector by 6.18% today and has shown erratic trading patterns, not trading on 5 out of the last 20 days. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 36.36% against the 5-day average, suggesting a drop in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Blue Water's performance over the past week shows a decline of 4.39%, while the Sensex has increased by 1.49%. This stark contrast highlights the stock's underperformance relative to the benchmark. Over the past month, Blue Water has decreased by 3.56%, whereas the Sensex has gained 2.47%, further emphasizing the stock's struggles in comparison to the overall market trend.
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