Why is Coral Labs. falling/rising?
As of 06-Oct, Coral Laboratories Ltd's stock price is Rs 520.00, down 0.24%, with a significant decline from an intraday high of Rs 497. Despite a 4.04% increase over the past week, it remains down 31.83% year-to-date, underperforming compared to the Sensex's 4.67% gain.
As of 06-Oct, Coral Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 520.00, which reflects a decrease of Rs 1.25 or 0.24%. The stock has underperformed its sector by 0.35% today and has shown a trend reversal after two consecutive days of gains. It opened with a significant loss of 4.65%, reaching an intraday low of Rs 497. In terms of performance over different periods, the stock has seen a 4.04% increase over the past week, but it remains down 31.83% year-to-date and 38.41% over the past year. The stock's moving averages indicate it is performing better than the 5-day and 20-day averages but worse than the longer-term 50-day, 100-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 39.66% against the 5-day average.In the broader market context, Coral Laboratories Ltd's short-term performance of +4.04% over the past week outpaces the Sensex's gain of +1.77% during the same period. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has increased by 4.67%. This disparity highlights the challenges Coral Laboratories Ltd faces in regaining investor confidence, especially given its substantial year-over-year decline. The lack of available positive or negative dashboard data limits a deeper understanding of specific factors influencing investor sentiment at this time.
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