Why is Cian Healthcare falling/rising?
As of 08-Oct, Cian Healthcare Ltd's stock price is Rs. 5.24, up 1.95%, and has reached a new 52-week high with a short-term return of 3.97%, significantly outperforming the Sensex. Despite recent gains, the stock has experienced long-term declines of over 59% in the past five years.
As of 08-Oct, Cian Healthcare Ltd's stock price is currently at Rs. 5.24, reflecting an increase of Rs. 0.1, or 1.95%. The stock has recently hit a new 52-week high today and has been gaining for the last two days, with a total return of 3.97% over this short period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 193.99% compared to the 5-day average, suggesting heightened interest and confidence in the stock. Unfortunately, the Positive and Negative Factors dashboard is not available, so we cannot assess any specific positive or negative influences on the stock's recent performance.In the broader market context, Cian Healthcare's short-term return of 3.97% over the past week significantly outperforms the Sensex, which has only increased by 0.98% during the same period. This indicates that the stock is gaining traction relative to the overall market. Over the past month, Cian Healthcare has achieved a remarkable return of 42.78%, again surpassing the Sensex's 1.22% increase, further emphasizing its strong performance. However, it is important to note that while the stock has shown positive momentum recently, its long-term performance over 3 years and 5 years has been negative, with declines of 66.84% and 59.06% respectively, compared to the Sensex's gains.
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