Why is Darjeeling Ropew falling/rising?
As of 23-Jun, Darjeeling Ropeway Company Ltd's stock price is at Rs 36.74, reflecting a recent upward trend despite a year-to-date decline of 8.92%. The stock has shown strong short-term performance, outperforming the Sensex, but has experienced a significant drop in investor participation.
As of 23-Jun, Darjeeling Ropeway Company Ltd's stock price is rising, currently at Rs 36.74, reflecting an increase of Rs 1.24 or 3.49%. The stock has shown strong performance recently, gaining 8.35% over the last two days and outperforming its sector by 2.96% today. It opened with a significant gain of 4.23% and reached an intraday high of Rs 37. However, the stock also experienced a low of Rs 33.75 during the day, indicating some volatility. Despite this, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Notably, there has been a significant drop in investor participation, with delivery volume falling by 93.71% against the 5-day average, which may indicate reduced confidence among investors.In the broader market context, the stock's short-term performance has been notably strong, with a 1-week return of 3.96%, significantly outperforming the Sensex, which only gained 0.12% in the same period. Over the past month, the stock has increased by 7.11%, while the Sensex has risen by just 0.22%. However, it is important to note that year-to-date, the stock is down 8.92%, contrasting with the Sensex's gain of 4.81%. This divergence highlights that while the stock is currently experiencing a positive trend, it has faced challenges earlier in the year compared to the broader market.
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