Why is Cartrade Tech falling/rising?
As of 06-Aug, Cartrade Tech Ltd's stock price is Rs 2,104.85, down 6.81%, following two days of gains. Despite a strong monthly performance, recent declines in investor participation and broader market negativity are contributing to its current downturn.
As of 06-Aug, Cartrade Tech Ltd is experiencing a decline in its stock price, currently at Rs 2,104.85, which reflects a decrease of Rs 153.7 or 6.81%. Today's price summary indicates that the stock has underperformed its sector by 5.52% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 2,100.1, marking a 7.02% drop. Additionally, the weighted average price suggests that more volume was traded closer to this low price. Despite the stock's strong performance over the past month, with a return of 23.92%, and a year-to-date increase of 41.69%, the recent trend reversal and falling investor participation, evidenced by a 33.63% drop in delivery volume against the 5-day average, have contributed to the current decline.In the broader market context, Cartrade Tech's short-term performance contrasts with the Sensex, which has decreased by 1.15% over the past week. While Cartrade Tech has shown resilience with a 0.80% increase in the same period, the overall market sentiment appears to be negative, impacting investor confidence. The stock remains liquid enough for trading, with a value of Rs 3.19 crore based on 2% of the 5-day average traded value, but the recent drop in investor participation may signal caution among traders. Overall, the combination of a trend reversal, declining volume, and broader market conditions are influencing the stock's current downward movement.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
