Why is Crestchem falling/rising?
As of 27-Oct, Crestchem Ltd's stock price is at 122.00, down 5.86% and significantly underperforming its sector and the broader market. The stock has seen a year-to-date decline of 56.44% and a notable drop in trading volume, indicating ongoing challenges for the company.
As of 27-Oct, Crestchem Ltd's stock price is currently at 122.00, reflecting a decline of 7.6, or 5.86%. The stock has underperformed its sector today by 5.8%, opening with a significant loss of 11.27% and reaching an intraday low of Rs 115. The trading volume indicates a lack of investor interest, with delivery volume dropping by 60.45% compared to the 5-day average. Over the past week, the stock has decreased by 2.90%, and it has seen a substantial decline of 56.44% year-to-date, indicating ongoing challenges for the company. Unfortunately, there is no information available regarding positive or negative factors that could provide further context for this price movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.49% over the past week and 8.50% year-to-date, Crestchem's performance has been notably poor. The stock's recent decline contrasts sharply with the broader market trends, as it has consistently underperformed against the benchmark over various time frames, including a 9.09% drop over the past month and a 45.99% decrease over the past year. This disparity highlights the challenges Crestchem is facing relative to the overall market environment.
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