Why is Delta Manufact. falling/rising?
As of 28-Oct, Delta Manufacturing Ltd's stock price is at 76.87, having decreased by 0.07% and showing a 7.08% decline over the past week. The stock is underperforming compared to the Sensex, which has gained 0.24%, indicating a bearish sentiment and consistent negative trends over the past month and year-to-date.
As of 28-Oct, Delta Manufacturing Ltd's stock price is currently at 76.87, reflecting a slight decrease of 0.05, or 0.07%. The stock has been experiencing a downward trend, having lost value for the last four consecutive days, resulting in a 7.08% decline over the past week. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a significant increase in delivery volume, which rose by 687.02% against the 5-day average, there are no positive or negative factors available to further explain the recent price movement.Broader Market Context: In comparison to the benchmark Sensex, Delta Manufacturing's performance has been notably poor. Over the past week, while the Sensex has gained 0.24%, Delta's stock has declined by 7.08%. This trend is consistent over the past month and year-to-date, with Delta's returns of -6.64% and -29.38% respectively, contrasting sharply with the Sensex's gains of 5.22% and 8.30%. Such underperformance relative to the broader market may contribute to the negative sentiment surrounding the stock.
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