Why is Delton Cables falling/rising?
As of 24-Jun, Delton Cables Ltd's stock price is 669.00, reflecting a decline of 0.05% and a significant year-to-date drop of 36.52%. Despite increased investor participation, the stock has underperformed compared to the Sensex, which has gained 0.58% over the past week.
As of 24-Jun, Delton Cables Ltd is experiencing a decline in its stock price, currently at 669.00, which reflects a decrease of 0.35 or 0.05%. The stock has been underperforming, having lost 12.32% over the last four days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the context of longer-term performance, the stock has seen a significant drop of 36.52% year-to-date, despite a strong 1-year return of 50.25%. There is a notable increase in investor participation, with delivery volume rising by 59.41% against the 5-day average, indicating some interest despite the recent price decline. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Delton Cables has underperformed compared to the Sensex, which has gained 0.58% over the past week while Delton Cables has dropped 9.63%. This trend of underperformance is evident in the stock's year-to-date returns, where it has significantly lagged behind the benchmark's 5.01% increase. The stock's recent struggles, combined with its poor performance relative to the market, suggest a challenging environment for Delton Cables, contributing to the downward pressure on its stock price.
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