Why is Crestchem falling/rising?
As of 17-Nov, Crestchem Ltd's stock price is Rs. 117.00, down 2.17%, and has reached a 52-week low of Rs. 110. The stock is underperforming significantly, trading below all key moving averages and experiencing a 58.22% decline year-to-date, contrasting sharply with the Sensex's 8.72% gain.
As of 17-Nov, Crestchem Ltd's stock price is currently at Rs. 117.00, reflecting a decrease of Rs. 2.6 or 2.17%. The stock has been underperforming significantly, having hit a new 52-week low of Rs. 110 today, which represents an intraday decline of 8.03%. Over the past three days, the stock has experienced a consecutive fall, totaling a decline of 4.8%. Additionally, it is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The delivery volume has also seen a drastic drop of 60.33% compared to the 5-day average, suggesting a decrease in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Crestchem's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 1.69% over the past week while Crestchem has declined by 4.99%. This stark contrast highlights the stock's struggles relative to the overall market. Year-to-date, Crestchem has plummeted by 58.22%, while the Sensex has risen by 8.72%, further emphasizing the stock's underperformance. The combination of these factors suggests that Crestchem is facing significant challenges, leading to its current downward price movement.
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