Why is Chennai Meena falling/rising?
As of 28-Oct, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is declining at 53.00, down 0.79%, with a recent two-day drop of 5.24%. Despite short-term challenges, the stock has shown strong long-term performance, with a 20.05% increase over the past month and a 460.85% rise over five years.
As of 28-Oct, Chennai Meenakshi Multispeciality Hospital Ltd is experiencing a decline in its stock price, currently at 53.00, which reflects a decrease of 0.42 or 0.79%. The stock has underperformed its sector by 1.15% today and has been on a downward trend for the last two days, resulting in a total decline of 5.24%. Despite this recent drop, the stock has shown strong performance over longer periods, with a 20.05% increase over the past month and a remarkable 460.85% rise over the last five years. However, there has been a notable decrease in investor participation, with delivery volume falling by 74.76% compared to the five-day average, indicating reduced trading activity.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.24% over the past week, Chennai Meenakshi Multispeciality Hospital Ltd has outperformed with a 1.63% gain. However, the stock's recent performance contrasts sharply with its longer-term returns, where it has significantly outpaced the benchmark over one year and three years. The liquidity of the stock remains adequate for trading, as it is based on 2% of the five-day average traded value, suggesting that while the stock is facing short-term challenges, its overall long-term trajectory remains strong relative to the market.
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