Why is Coral Labs. falling/rising?
As of 28-Oct, Coral Laboratories Ltd's stock price is Rs 489.35, down 2.12%, and has underperformed its sector. The stock has declined significantly year-to-date by 35.85%, contrasting with the broader market's positive performance.
As of 28-Oct, Coral Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 489.35, which reflects a decrease of Rs 10.6 or 2.12%. The stock has underperformed its sector by 1.86% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 482, marking a drop of 3.59%. Additionally, Coral Labs is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.68%, and year-to-date, it has seen a significant decline of 35.85%. Unfortunately, there is no information available regarding positive or negative factors that could have influenced the stock's recent movement.In the broader market context, the Sensex has shown a positive return of 0.24% over the past week, contrasting with Coral Labs' decline. While the benchmark index has gained 5.22% over the past month, Coral Labs has only managed a slight decrease of 0.89% in the same timeframe. This underperformance highlights a significant divergence between the stock's performance and that of the broader market, which may be contributing to investor sentiment and the stock's current downward trend.
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