Why is Cian Healthcare falling/rising?
As of 22-Jul, Cian Healthcare Ltd's stock price is at 3.62, down 1.9%, and has underperformed its sector with an 8.59% decline over the past five days. The stock is trading below all major moving averages, indicating bearish sentiment, and has significantly underperformed the benchmark Sensex both recently and over the long term.
As of 22-Jul, Cian Healthcare Ltd's stock price is currently at 3.62, reflecting a decrease of 0.07 or 1.9%. The stock has been on a downward trend, having underperformed its sector by 0.99% today and experiencing consecutive losses over the last five days, resulting in an overall decline of 8.59% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. While there has been a notable increase in investor participation, with delivery volume rising by 150% against the 5-day average, the overall performance remains weak, as reflected in the significant declines over the past year and three years, with returns of -81.90% and -77.02%, respectively.In the broader market context, Cian Healthcare's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 0.47% over the past week and a positive return of 5.18% year-to-date. This stark difference highlights the stock's struggles relative to the overall market, as it has significantly underperformed not only in the short term but also over longer periods compared to the benchmark. The lack of positive factors in the dashboard further emphasizes the challenges faced by Cian Healthcare, contributing to the ongoing decline in its stock price.
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