Why is Delta Manufact. falling/rising?
As of 19-Nov, Delta Manufacturing Ltd's stock price is Rs 67.03, down 4.88%, and has underperformed its sector significantly. The stock is in a bearish trend, trading below all major moving averages, despite a notable increase in delivery volume.
As of 19-Nov, Delta Manufacturing Ltd's stock price is currently at Rs 67.03, reflecting a decrease of Rs 3.44 or 4.88%. The stock has been on a downward trend, having underperformed its sector by 6.11% today and experiencing a consecutive decline over the last four days, resulting in a total drop of 9.27% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock has also seen a significant increase in delivery volume, rising by 330.53% against the 5-day average, which suggests heightened investor participation despite the overall negative price movement. There is no information available regarding positive or negative factors that could influence the stock's recent performance.Broader Market Context: In comparison to the benchmark Sensex, Delta Manufacturing's short-term performance has been notably poor, with a 1-week return of -8.03% while the Sensex has gained 0.85%. Over the past month, the stock has declined by 18.75%, contrasting sharply with the Sensex's increase of 1.47%. Year-to-date, Delta Manufacturing has seen a significant drop of 38.42%, while the Sensex has risen by 9.02%. This stark contrast highlights the stock's struggles relative to the broader market, contributing to the perception of weakness among investors.
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