Why is Cosmic CRF falling/rising?
As of 24-Sep, Cosmic CRF Ltd's stock price is Rs 1,208.00, down 3.36%, and has underperformed its sector. The stock is in a bearish trend, trading below all major moving averages, with a significant drop in delivery volume and a year-to-date decline of 22.06%.
As of 24-Sep, Cosmic CRF Ltd is experiencing a decline in its stock price, currently at Rs 1,208.00, which reflects a decrease of Rs 42.0 or 3.36%. The stock has underperformed its sector by 3.23% today, having touched an intraday low of Rs 1,195, representing a drop of 4.4%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, falling by 62.52% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has decreased by 6.50%, and year-to-date, it has fallen by 22.06%, while its performance over the past year shows a decline of 30.57%.In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 0.50% over the past month and a year-to-date gain of 4.58%. This indicates that Cosmic CRF's recent struggles are not reflective of the overall market trend, as it has significantly underperformed compared to the benchmark. The stock's negative performance contrasts sharply with the Sensex's year-on-year decline of only 3.77%, highlighting the specific challenges faced by Cosmic CRF Ltd in the current market environment.
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