Why is Cosmic CRF falling/rising?
As of 04-Aug, Cosmic CRF Ltd's stock price is 1,421.00, down 0.83% and underperforming its sector by 3.68%. The stock has declined 25.25% over the past year, indicating weak investor confidence and a significant drop in delivery volume.
As of 04-Aug, Cosmic CRF Ltd's stock price is currently at 1,421.00, reflecting a decline of 11.9 points or 0.83%. The stock has underperformed its sector by 3.68% today and has experienced a consecutive fall over the last two days, resulting in a total decrease of 0.9% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.63%, and it has seen a significant decline of 25.25% over the past year, while the benchmark Sensex has only increased by 0.05% in the same timeframe. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.16% over the past week, Cosmic CRF's performance has been notably weaker, indicating a lack of investor confidence in the stock relative to the broader market. The sector in which Cosmic CRF operates, Steel/Sponge Iron/Pig Iron, has seen a gain of 2.9%, further highlighting the company's struggles as it fails to capitalize on sector growth. The decline in delivery volume, which has fallen by 41.6% against the 5-day average, suggests a decrease in investor participation, contributing to the stock's downward trend.
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