Why is D P Wires falling/rising?
As of 24-Sep, D P Wires Ltd's stock price is declining at 257.65, down 0.31%, with a total drop of 6.85% over the last six days. Year-to-date, the stock is down 22.11% and has significantly underperformed compared to the Sensex, which has gained 4.58% this year.
As of 24-Sep, D P Wires Ltd is experiencing a decline in its stock price, currently at 257.65, reflecting a decrease of 0.8, or 0.31%. The stock has been on a downward trend, losing value for the last six consecutive days, resulting in a total drop of 6.85% during this period. Over the past week, the stock has decreased by 6.00%, while it has shown a modest increase of 3.31% over the past month. However, year-to-date, the stock is down 22.11%, and it has significantly underperformed over the past year with a decline of 38.42%. Additionally, investor participation has decreased, with delivery volume falling by 42.4% compared to the five-day average, indicating reduced interest in trading the stock.In the broader market context, the Sensex has also experienced a decline of 1.18% over the past week, suggesting that the stock's performance is not entirely isolated from market trends. While D P Wires has outperformed the Sensex over the past month, the overall year-to-date and one-year performance highlights a stark contrast, with the benchmark index gaining 4.58% and losing only 3.77%, respectively. This indicates that while the stock has shown some resilience in the short term, its longer-term performance remains weak compared to the broader market, contributing to the current downward pressure on its price.
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