Why is Cosmic CRF falling/rising?
As of 30-Sep, Cosmic CRF Ltd's stock price is Rs. 1,125.05, down 2.44%, and has reached a 52-week low of Rs. 1,100. The stock has declined 12.75% over the past month and 27.42% year-to-date, significantly underperforming the Sensex, indicating a bearish trend and decreased investor confidence.
As of 30-Sep, Cosmic CRF Ltd is experiencing a decline in its stock price, currently at Rs. 1,125.05, which reflects a decrease of Rs. 28.1 or 2.44%. The stock has hit a new 52-week low of Rs. 1,100 today and has been on a downward trend, losing 10% over the past five days. Despite opening with a gain of 2.32%, it reached an intraday high of Rs. 1,180 before falling to its low. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 62.86% compared to the five-day average, suggesting a lack of confidence among investors.In the broader market context, Cosmic CRF's performance has been notably weaker than the benchmark Sensex, which has gained 0.57% over the past month while Cosmic CRF has declined by 12.75%. Year-to-date, the stock has fallen by 27.42%, contrasting sharply with the Sensex's 2.72% increase. This underperformance highlights the challenges facing Cosmic CRF in the current market environment, as it continues to struggle against both sector performance and broader market trends.
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