Why is Chembond Materi. falling/rising?
As of 14-Nov, Chembond Material Technologies Ltd's stock price is 168.75, down 1.8% and has fallen 6.04% over the last two days. Despite some recent positive returns, the stock has significantly underperformed year-to-date with a decline of 71.65%.
As of 14-Nov, Chembond Material Technologies Ltd is experiencing a decline in its stock price, currently at 168.75, which reflects a decrease of 3.1 or 1.8%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.04% during this period. Although the stock has shown some positive returns over the past week and month, with increases of 1.50% and 4.42% respectively, it has significantly underperformed on a year-to-date basis, with a staggering decline of 71.65%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed momentum. Additionally, there has been a rise in investor participation, with delivery volume increasing by 12.12% against the 5-day average, suggesting some interest despite the recent price drop.In the broader market context, the stock's performance over the past week has been slightly lower than the benchmark Sensex, which has risen by 1.62% compared to Chembond's 1.50%. This underperformance is particularly pronounced when looking at longer time frames, as the stock has declined significantly over the past year, while the Sensex has gained 9.00%. The liquidity of the stock appears adequate for trading, as it meets the 2% threshold of the 5-day average traded value. However, the lack of available positive or negative dashboard data limits a more comprehensive analysis of the factors influencing the stock's recent movements.
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