Why is Chetana Educa. falling/rising?
As of 17-Nov, Chetana Education Ltd's stock price is Rs. 62.35, down 5.89% and at a 52-week low. The stock has significantly underperformed, with a year-to-date decline of 35.85%, while the broader market has shown positive returns.
As of 17-Nov, Chetana Education Ltd's stock price is currently at Rs. 62.35, reflecting a decline of Rs. 3.9 or 5.89%. The stock has underperformed significantly, with a new 52-week low of Rs. 60 hit today. Over the past week, the stock has decreased by 8.91%, and it has shown a year-to-date decline of 35.85%. Additionally, Chetana Education is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume by 96.97% on November 14, which suggests rising investor participation, there are no positive factors available to counterbalance the negative performance.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.72% over the past week, Chetana Education's significant decline highlights a stark underperformance. The Sensex has also shown positive returns over the past month and year, while Chetana Education has experienced consistent losses during the same periods, with declines of 12.12% and 23.59%, respectively. This contrast underscores the challenges faced by Chetana Education in the current market environment, further contributing to the downward pressure on its stock price.
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