Why is Chemcon Special. falling/rising?
As of 06-Nov, Chemcon Speciality Chemicals Ltd's stock price is Rs 231.50, down 5.32%, and has underperformed its sector and the broader market significantly over various time frames. The stock has seen a long-term decline of 41.83% over three years and 47.87% over five years, with reduced investor participation contributing to its current struggles.
As of 06-Nov, Chemcon Speciality Chemicals Ltd's stock price is currently at Rs 231.50, reflecting a decline of Rs 13.0 or 5.32%. The stock has underperformed its sector by 4.34% today, reaching an intraday low of Rs 231.50. The stock's performance over the past week shows a decrease of 7.21%, while it has dropped 16.83% over the past month. Additionally, the stock has experienced a significant decline of 41.83% over the past three years and 47.87% over the past five years, indicating a long-term downward trend. There is a noted decrease in investor participation, with delivery volume falling by 19.48% against the five-day average, which may contribute to the stock's current price movement. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock.Broader market context indicates that while Chemcon has faced a decline, the benchmark Sensex has only decreased by 1.30% over the past week and has increased by 1.86% over the past month. This contrast highlights the stock's underperformance relative to the broader market. Year-to-date, Chemcon's return is positive at 2.25%, but it still lags behind the Sensex's 6.62% gain. The overall market conditions appear to be more favorable compared to Chemcon's recent performance, further emphasizing the stock's struggles in the current trading environment.
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