Why is Cords Cable falling/rising?
As of 12-Nov, Cords Cable Industries Ltd's stock price is Rs 168.40, down 5.29%, and has underperformed its sector and the Sensex significantly. The stock is in a bearish trend, trading below all major moving averages, with a year-to-date decline of 19.62%.
As of 12-Nov, Cords Cable Industries Ltd is experiencing a decline in its stock price, currently at Rs 168.40, which reflects a decrease of Rs 9.4 or 5.29%. The stock has underperformed its sector by 5.98% today and has been on a downward trend for the last two days, accumulating a total loss of 7.24%. The stock has shown significant volatility, with an intraday range of Rs 18.6, reaching a high of Rs 184.6 and a low of Rs 166. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a rise in delivery volume by 13.93% against the 5-day average, the overall sentiment appears negative, as no positive factors were noted in the dashboard.In the broader market context, Cords Cable's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 1.21% over the past week while Cords Cable has dropped 10.62%. This stark contrast highlights the stock's struggles relative to the market. Over the past month, Cords Cable has decreased by 6.05%, while the Sensex has increased by 2.38%. Year-to-date, the stock has fallen by 19.62%, contrasting sharply with the Sensex's gain of 8.10%. This underperformance against the benchmark suggests that investor confidence in Cords Cable is waning, contributing to its declining stock price.
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