Why is Data Pattern falling/rising?
As of 26-Aug, Data Patterns (India) Ltd's stock price is Rs 2,502.55, down 2.0% and has underperformed its sector. Despite high institutional holding and low debt, a significant drop in delivery volume indicates declining investor interest, contributing to its overall negative performance.
As of 26-Aug, Data Patterns (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,502.55, which reflects a decrease of Rs 51.15 or 2.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.79% during this period. Today's performance indicates that it has underperformed its sector by 1.5%. Additionally, the stock's one-month return is down 6.62%, while its one-year return shows a significant decline of 12.69%. Despite a high institutional holding of 20.86% and a low debt-to-equity ratio, which typically suggests stability, the recent drop in delivery volume by 38.32% against the five-day average indicates a lack of investor interest, contributing to the stock's downward trend.In the broader market context, Data Patterns' short-term performance has been slightly better than the benchmark Sensex, which has declined by 1.05% over the past week, while Data Patterns fell by 0.71%. However, the stock's longer-term performance is concerning, as it has underperformed the Sensex over the past year, which has only decreased by 1.12%. The stock's moving averages indicate a mixed picture, being higher than the 200-day moving average but lower than the shorter-term averages, suggesting potential volatility. Overall, the combination of falling investor participation and recent price declines reflects a challenging environment for Data Patterns, despite some positive factors such as institutional support.
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