Why is Cords Cable falling/rising?
As of 22-Sep, Cords Cable Industries Ltd is priced at 180.00, having gained 1.65 or 0.93% recently. Despite short-term gains, the stock has underperformed the Sensex over longer periods, indicating mixed momentum signals and declining investor participation.
As of 22-Sep, Cords Cable Industries Ltd is currently priced at 180.00, reflecting an increase of 1.65 or 0.93%. The stock has been gaining for the last two days, with a total return of 1.01% during this period. It has outperformed its sector by 1.74%. However, the stock's delivery volume has fallen significantly, down by 43.06% compared to the 5-day average, indicating a decline in investor participation. While the stock is currently above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, suggesting mixed signals regarding its momentum. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that over the past week, Cords Cable has outperformed the Sensex, gaining 1.95% compared to the benchmark's 0.46%. However, in the longer term, the stock has underperformed the Sensex over the past month, year-to-date, and year, with declines of 0.77%, 14.08%, and 11.31% respectively, while the Sensex has shown positive returns in these periods. This contrast highlights that while the stock is experiencing a short-term rise, it has struggled to maintain consistent performance relative to the broader market over longer time frames.
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