Why is Cords Cable falling/rising?
As of 29-Oct, Cords Cable Industries Ltd is currently priced at Rs 190.70, reflecting a recent increase and strong performance, with significant investor interest indicated by a rise in delivery volume. Despite this positive trend, the stock is down 8.97% year-to-date, contrasting with the Sensex's gain.
As of 29-Oct, Cords Cable Industries Ltd is experiencing a price increase, currently at Rs 190.70, reflecting a rise of Rs 5.65 or 3.05%. The stock has shown strong performance recently, gaining 7.59% over the last two days and outperforming its sector by 1.34% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 826.85% against the 5-day average, suggesting heightened interest in the stock. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Cords Cable's short-term performance over the past week shows a return of +8.32%, significantly outperforming the Sensex, which only increased by +0.68% during the same period. This trend of outperformance is consistent over the past month as well, where Cords Cable achieved a return of +11.39% compared to the Sensex's +5.76%. However, it is important to note that year-to-date, the stock is down by -8.97%, contrasting with the Sensex's gain of +8.78%, indicating that while the stock is currently rising, it has faced challenges earlier in the year.
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