Why is Darjeeling Ropew falling/rising?
As of 17-Oct, Darjeeling Ropeway Company Ltd's stock price is Rs 59.01, down 4.99% and has declined 18.82% over the last six days. Despite strong year-to-date and one-year returns, recent performance shows a significant divergence from the market trend, with a notable drop in investor participation.
As of 17-Oct, Darjeeling Ropeway Company Ltd's stock price is currently at Rs 59.01, reflecting a decrease of Rs 3.1 or 4.99%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 18.82% during this period. Although the stock opened with a gain of 2.24% today and reached an intraday high of Rs 63.5, it ultimately closed at its day's low. The stock's performance has underperformed its sector by 4.95%, and the delivery volume has seen a significant drop of 57.46% compared to the five-day average, indicating falling investor participation. Additionally, while the stock remains above its 100-day and 200-day moving averages, it is below the shorter-term moving averages, suggesting a potential shift in momentum. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the stock's performance over the past week shows a decline of 17.73%, contrasting sharply with the Sensex, which has gained 1.76% during the same period. Over the last month, the stock has decreased by 4.11%, while the benchmark has increased by 1.52%. Despite a strong year-to-date return of 46.28% and a remarkable one-year return of 253.35%, the recent short-term performance indicates a significant divergence from the overall market trend, highlighting the stock's current struggles amidst a generally positive market environment.
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