Why is Darjeeling Ropew falling/rising?
As of 08-Jul, Darjeeling Ropeway Company Ltd's stock is at Rs 41.00, up 1.13% with a 20.59% gain over the past week, outperforming the Sensex's 0.02% increase. Despite strong short-term performance, its year-to-date return of 1.64% lags behind the Sensex's 7.13%.
As of 08-Jul, Darjeeling Ropeway Company Ltd's stock price is rising, currently at Rs 41.00, reflecting an increase of Rs 0.46 or 1.13%. The stock has been on a positive trajectory, gaining for the last five days and achieving a remarkable 20.59% return over this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, investor participation has increased significantly, with delivery volume rising by 106.88% compared to the 5-day average. The stock is close to its 52-week high, just 2.41% away from Rs 41.99, which further highlights its strong performance.In the broader market context, Darjeeling Ropeway's short-term return of 20.59% over the past week significantly outperforms the Sensex, which has only increased by 0.02% during the same period. This stark contrast underscores the stock's strong performance relative to the benchmark. While the stock has shown impressive gains year-to-date and over the past year, it is worth noting that the year-to-date return of 1.64% lags behind the Sensex's 7.13%, indicating that while the stock is currently performing well, it has had a mixed performance in the longer term compared to the broader market.
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