Why is CP Capital falling/rising?
As of 11-Nov, CP Capital Limited's stock price is at 115.15, down 3.44% and underperforming with a total decline of 5.5% over the last two days. The stock is trading below all key moving averages, indicating a bearish trend, and has significantly lagged behind the benchmark Sensex year-to-date.
As of 11-Nov, CP Capital Limited's stock price is currently at 115.15, reflecting a decrease of 4.1 points or 3.44%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 5.5% in that period. Today, it opened with a loss of 2.6% and reached an intraday low of Rs 115.15. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also decreased, with delivery volume dropping by 5.29% compared to the 5-day average. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, CP Capital's performance over the past week shows a decline of 4.04%, while the benchmark Sensex has gained 0.49%. Over the past month, the stock has decreased by 5.54%, contrasting with a 1.66% increase in the Sensex. Year-to-date, CP Capital has experienced a significant drop of 70.86%, while the benchmark has risen by 7.34%. This stark difference highlights the stock's ongoing struggles relative to the broader market, contributing to its downward price movement.
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