Why is Cian Healthcare falling/rising?
As of 19-Nov, Cian Healthcare Ltd's stock price is at 6.43, down 1.98% after eight consecutive days of losses totaling 14.49%. Despite a year-to-date increase of 66.15%, the stock has faced significant declines and reduced investor interest, contrasting sharply with broader market gains.
As of 19-Nov, Cian Healthcare Ltd's stock price is currently at 6.43, reflecting a decline of 0.13, or 1.98%. The stock has been underperforming, having lost value for the last eight consecutive days, resulting in a total decline of 14.49% during this period. Additionally, the stock's performance today has underperformed its sector by 2.05%. In terms of returns, the stock has shown a significant year-to-date increase of 66.15%, but it has also experienced a sharp decline of 59.81% over the past three years. Notably, investor participation has decreased, with delivery volume falling by 39.39% compared to the five-day average, indicating reduced interest from investors.In the broader market context, while the Sensex has gained 0.85% over the past week, Cian Healthcare's stock has dropped by 9.31%, highlighting a stark contrast in performance. Over the past month, the stock has still managed a positive return of 7.53%, outpacing the Sensex's 1.47% increase. However, the recent trend of consecutive losses and declining investor participation suggests that the stock is facing challenges that are not reflected in the broader market's performance. The lack of positive factors in the dashboard further emphasizes the difficulties the company is currently experiencing, contributing to the downward pressure on its stock price.
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