Why is Chemfab Alka. falling/rising?
As of 24-Sep, Chemfab Alkalis Ltd's stock price is at 630.00, down 1.59%, and has reached a 52-week low of Rs.627.5. The stock has declined 6.6% over the past six days, underperformed against the Sensex, and shows weak trading indicators with reduced investor participation.
As of 24-Sep, Chemfab Alkalis Ltd is experiencing a decline in its stock price, currently at 630.00, which represents a decrease of 10.15 or 1.59%. The stock has hit a new 52-week low of Rs.627.5 today and has been on a consecutive downward trend for the last six days, resulting in a total decline of 6.6% during this period. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weak performance. The delivery volume has also decreased significantly, falling by 42.58% against the 5-day average, suggesting a drop in investor participation. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Chemfab Alkalis Ltd's performance over the past week shows a decline of 4.12%, while the benchmark Sensex has only decreased by 1.18%. This underperformance is further highlighted by the stock's year-to-date return of -38.92%, contrasting sharply with the Sensex's gain of 4.58%. The stock's recent struggles, including a significant drop in investor participation and consistent underperformance relative to the sector, contribute to its declining price trend.
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