Why is Dhanlaxmi Fabric falling/rising?
As of 14-Nov, Dhanlaxmi Fabrics Ltd's stock price is Rs 57.15, down 4.75%, and has fallen 7.82% over the last two days. The stock is underperforming compared to the Sensex, with a year-to-date decline of 11.26%, amid decreased investor interest and a bearish trend.
As of 14-Nov, Dhanlaxmi Fabrics Ltd is experiencing a decline in its stock price, currently at Rs 57.15, which represents a decrease of 2.85 (-4.75%). The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.82% during this period. Additionally, it opened with a loss of 4.75% today and has not traded above this price point. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 61.25% compared to the 5-day average, which suggests a lack of interest among investors.In the broader market context, Dhanlaxmi Fabrics Ltd's performance has been notably weaker than the benchmark index, the Sensex, which has gained 1.62% over the past week while the stock has declined by 6.31%. This underperformance is reflected in the year-to-date returns, where the stock has decreased by 11.26%, contrasting sharply with the Sensex's increase of 8.22%. The stock's liquidity appears adequate for trading, but the overall negative sentiment and lack of positive factors have contributed to its recent price decline.
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