Why is Chambal Brewer falling/rising?
As of 17-Nov, Chambal Breweries & Distilleries Ltd's stock price is declining at 40.66, down 1.98% and has fallen for six consecutive days, totaling an 11.34% drop. Despite strong long-term returns, recent performance shows a significant disconnect from the broader market, with a drastic decrease in delivery volume indicating waning investor confidence.
As of 17-Nov, Chambal Breweries & Distilleries Ltd is experiencing a decline in its stock price, currently at 40.66, which reflects a decrease of 0.82 or 1.98%. The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 11.34% during this period. Additionally, the stock's performance today has underperformed its sector by 2.39%. Despite impressive long-term returns, including a 424.65% increase over the past year, the stock has seen a significant drop of 9.54% over the past week. The delivery volume has also plummeted by 98.5% against the 5-day average, indicating a lack of investor participation.In the broader market context, while the Sensex has gained 1.69% over the past week, Chambal Breweries' performance has sharply contrasted with this positive trend. The stock's short-term decline highlights a disconnect from the overall market momentum, as it has not only underperformed the benchmark but also the sector. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume suggests that investor confidence may be waning, contributing to the stock's recent downward trajectory.
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