Why is Crystal Business falling/rising?
As of 05-Aug, Crystal Business System Ltd's stock price is Rs. 2.27, down 4.22%, marking a new 52-week low and a total decline of 24.33% year-to-date, significantly underperforming the Sensex, which has gained 3.29%. Despite increased investor participation, the overall sentiment remains negative, reflecting ongoing challenges for the company.
As of 05-Aug, Crystal Business System Ltd is experiencing a decline in its stock price, currently at Rs. 2.27, which reflects a decrease of Rs. 0.1 or 4.22%. The stock has hit a new 52-week low of Rs. 2.26 today and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 7.35% during this period. Additionally, the stock has underperformed its sector by 3.59%. Over the past week, the stock has decreased by 8.47%, and its year-to-date performance shows a significant drop of 24.33%. The stock is trading below all key moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 71.98% against the 5-day average, the overall sentiment remains negative.In the broader market context, the Sensex has only declined by 0.77% over the past week, suggesting that Crystal Business's performance is significantly worse than the benchmark. The stock's year-to-date decline of 24.33% contrasts sharply with the Sensex's gain of 3.29%, highlighting the company's struggles relative to the market. Furthermore, over the past three years, Crystal Business has seen a staggering decline of 91.70%, while the Sensex has appreciated by 38.23%. This stark difference in performance underscores the challenges faced by Crystal Business System Ltd in attracting investor confidence amidst a generally stable market environment.
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