Why is D P Wires falling/rising?
As of 06-Nov, D P Wires Ltd's stock price is Rs 225.00, down 2.93% and has declined 6.97% over the past week, underperforming the Sensex. The stock is trading below all key moving averages and has seen a significant drop in investor participation.
As of 06-Nov, D P Wires Ltd is experiencing a decline in its stock price, currently at Rs 225.00, which represents a decrease of Rs 6.8 or 2.93%. The stock has been underperforming, having fallen consecutively for the last four days, with a total decline of 6.97% over the past week. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 29.27% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that D P Wires has underperformed relative to the benchmark Sensex, which has only declined by 1.30% over the past week. In contrast, D P Wires has seen a much steeper decline of 6.97%, highlighting its weakness in comparison to the broader market. Year-to-date, the stock has plummeted by 31.98%, while the Sensex has gained 6.62%, further emphasizing the stock's struggles in the current market environment.
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