Why is Chandan Healthca falling/rising?
As of 23-Oct, Chandan Healthcare Ltd's stock price is Rs. 339.00, up 4.95% and reaching a new all-time high. Despite a decline in delivery volume, the stock has significantly outperformed the Sensex over the past week and month, indicating strong investor interest.
As of 23-Oct, Chandan Healthcare Ltd's stock price is currently at Rs. 339.00, reflecting an increase of Rs. 16.0 or 4.95%. The stock has recently reached a new 52-week and all-time high of Rs. 339.15 today. It has outperformed its sector by 6.67% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 43.53% against the 5-day average. 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, Chandan Healthcare's stock has shown a remarkable 15.60% increase over the past week, significantly outperforming the Sensex, which has only risen by 1.20% during the same period. Over the last month, the stock has surged by 36.75%, while the Sensex has gained just 2.87%. This strong performance indicates that the stock is gaining traction among investors, despite the recent drop in delivery volume, suggesting a potential shift in market sentiment.
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