Why is Delta Manufact. falling/rising?
As of 02-Sep, Delta Manufacturing Ltd's stock price is at 89.92, having increased by 1.03% recently. Despite a positive short-term trend, the stock is down 17.39% year-to-date, indicating overall struggles compared to the broader market.
As of 02-Sep, Delta Manufacturing Ltd's stock price is currently at 89.92, reflecting an increase of 0.92, or 1.03%. The stock has shown a positive trend recently, gaining for the last five consecutive days and achieving a total return of 7% during this period. Additionally, the stock has outperformed its sector by 0.77% today. However, despite these gains, there is a notable decline in investor participation, with delivery volume falling by 59.17% compared to the five-day average. Year-to-date, the stock is down 17.39%, although it has performed better over the last three years with a return of 27.64%. Unfortunately, there are no specific positive or negative factors provided to further explain the stock's recent movement.In the broader market context, Delta Manufacturing's short-term performance of +4.92% over the past week contrasts sharply with the Sensex, which has declined by 0.78% during the same period. This indicates that the stock is currently benefiting from a favorable market position relative to the benchmark. However, over a longer timeframe, the stock's year-to-date performance remains significantly lower than the Sensex's gain of 2.58%, suggesting that while recent trends are positive, the stock has struggled overall in the longer term.
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