Why is Desco Infra. falling/rising?
As of 31-Oct, Desco Infratech Ltd's stock price is Rs 255.00, down 4.53%, with a significant decline over the past three days and underperformance compared to the Sensex. The stock shows weak buying interest and negative investor sentiment, contributing to its recent price drop.
As of 31-Oct, Desco Infratech Ltd's stock price is currently at Rs 255.00, reflecting a decline of Rs 12.1 or 4.53%. The stock has been underperforming, having lost 10.84% over the last three days, and it has consistently fallen, with today's performance showing a significant drop of 4.87% compared to its sector. The stock reached an intraday low of Rs 254, indicating a lack of buying interest, as evidenced by a decrease in delivery volume by 27.27% against the 5-day average. Additionally, while the stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day averages, it is lower than the 5-day moving average, suggesting recent weakness. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, the stock has underperformed the benchmark Sensex over the past week, with Desco Infratech Ltd showing a return of -1.92% compared to the Sensex's -0.32%. While the Sensex has gained 3.65% over the past month, Desco's performance has remained flat at 0.00%, indicating a divergence in performance relative to the market. This underperformance in both the short term and the recent trend of falling prices suggests that investor sentiment towards Desco Infratech Ltd is currently negative, contributing to the stock's decline.
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