Why is Delaplex falling/rising?
As of 24-Sep, Delaplex Ltd's stock price is Rs 132.50, down 1.85%, and close to its 52-week low. The stock has significantly underperformed over the year, with a 36.86% year-to-date drop and a 45.65% decline over the past year, alongside a drastic reduction in investor participation.
As of 24-Sep, Delaplex Ltd's stock price is currently at Rs 132.50, reflecting a decline of Rs 2.5 or 1.85%. The stock has underperformed its sector today by 1.19%, and it is close to its 52-week low, being just 4.91% away from Rs 126. The stock has shown a significant decline over the year, with a year-to-date drop of 36.86% and a one-year decline of 45.65%. Additionally, investor participation appears to be falling, as evidenced by a drastic reduction in delivery volume, which has decreased by 96.43% compared to the five-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that Delaplex's short-term performance has been notably weaker than the benchmark, with a one-week return of -5.19% compared to the Sensex's -1.08%. This underperformance highlights the challenges faced by Delaplex in the current market environment, especially given its substantial year-to-date and one-year declines relative to the Sensex's positive returns of 5.97% and -3.41%, respectively. The overall market sentiment may be affecting investor confidence in Delaplex, contributing to its falling stock price.
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