Why is Coral Newsprints falling/rising?
As of 05-Jun, Coral Newsprints Ltd's stock price is declining at 9.76, down 7.92%, and significantly underperforming its sector. The stock has dropped 13.24% in the past week and 15.50% in the past month, trading below all major moving averages, indicating a bearish trend.
As of 05-Jun, Coral Newsprints Ltd is experiencing a decline in its stock price, currently at 9.76, which reflects a decrease of 0.84 or 7.92%. The stock has underperformed significantly today, lagging behind its sector by 8.37%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 13.24%, and over the past month, it has fallen by 15.50%. Despite a notable increase in delivery volume by 185.87% against the 5-day average, the overall performance remains weak, and there are no positive factors available to counterbalance the negative trends.In the broader market context, Coral Newsprints' recent performance contrasts sharply with the Sensex, which has only declined by 0.23% over the past week and increased by 0.80% over the past month. Year-to-date, Coral Newsprints has seen a decline of 1.71%, while the Sensex has gained 4.23%. Over the longer term, the stock has underperformed the benchmark significantly, with a 1-year decline of 24.87% compared to the Sensex's gain of 9.49% and a 3-year decline of 20.97% against a 46.03% increase in the Sensex. This stark difference highlights the challenges Coral Newsprints faces in the current market environment.
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