Why is C J Gelatine falling/rising?
As of 18-Nov, C J Gelatine Products Ltd's stock price is at 16.00, down 1.05%, and has declined 5.72% over the last two days. The stock is trading below all major moving averages, indicating bearish sentiment, and has underperformed significantly compared to the Sensex, which has gained 0.96% over the past week.
As of 18-Nov, C J Gelatine Products Ltd is experiencing a decline in its stock price, currently at 16.00, which reflects a decrease of 0.17 or 1.05%. The stock has been on a downward trend, losing value for the last two days with a total drop of 5.72% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, with a 23.08% drop compared to the 5-day average, suggesting falling investor participation. 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, C J Gelatine's performance has been notably poor compared to the benchmark Sensex, which has gained 0.96% over the past week while the stock has declined by 4.02%. This trend continues over longer periods, with the stock down 38.88% year-to-date compared to the Sensex's 8.36% increase. Such underperformance relative to the benchmark indicates that investor sentiment towards C J Gelatine is weak, contributing to its declining stock price amidst a generally positive market environment.
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