Why is Chordia Food falling/rising?
As of 10-Sep, Chordia Food Products Ltd is priced at 84.00, down 1.14%, and has underperformed its sector. Despite trading above key moving averages, declining investor participation and weak long-term performance relative to the Sensex indicate challenges for the stock.
As of 10-Sep, Chordia Food Products Ltd is currently priced at 84.00, reflecting a decrease of 0.97, or 1.14%. The stock has underperformed its sector today by 1.46%, and it has shown erratic trading patterns, not trading on one day out of the last 20. Despite this, Chordia Food is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some positive momentum. However, the delivery volume has decreased by 1.15% compared to the 5-day average, suggesting a decline in investor participation. Year-to-date, the stock has fallen by 2.33%, contrasting with the Sensex's gain of 4.21%, and over the past three years, it has decreased by 6.46%, while the Sensex has increased by 36.18%. There are no positive or negative dashboard factors available to further explain the stock's recent movement.In the broader market context, Chordia Food's short-term performance over the past week shows a gain of 0.84%, which is lower than the Sensex's increase of 1.06%. This underperformance in the short term, combined with the declining investor participation and erratic trading, suggests that the stock is struggling to attract consistent interest compared to the broader market. The overall trend indicates that while there may be some short-term gains, the stock's longer-term performance remains weak relative to the benchmark, contributing to its recent price decline.
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