Why is DRA Consultants falling/rising?
As of 04-Nov, DRA Consultants Ltd's stock price is Rs. 18, down 7.69% and at a new 52-week low, significantly underperforming its sector and the broader market. The stock shows a bearish trend, trading below all key moving averages, with a notable decline in delivery volume and a year-to-date drop of 57.14%.
As of 04-Nov, DRA Consultants Ltd is experiencing a decline in its stock price, currently at Rs. 18, which represents a decrease of 1.5 or 7.69%. The stock has hit a new 52-week low today and has underperformed its sector by 7.6%. It opened with a significant loss and has not traded above this price throughout the day. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also seen a drastic decline of 61.54% compared to the 5-day average, suggesting falling investor participation. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, DRA Consultants' performance over the past week shows a decline of 6.88%, significantly underperforming the Sensex, which has only decreased by 1.38%. Over the past month, the stock has fallen by 8.16%, while the Sensex has gained 2.77%. Year-to-date, DRA Consultants has plummeted by 57.14%, contrasting sharply with the Sensex's increase of 6.81%. This stark difference in performance highlights the stock's struggles relative to the broader market, contributing to its current downward trajectory.
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