Why is Easun Capital Ma falling/rising?
As of 16-Oct, Easun Capital Markets Ltd's stock price is Rs 47.34, down 5.0%, underperforming its sector and showing a significant drop in delivery volume. Despite strong long-term gains, recent trends indicate a lack of investor participation and liquidity issues.
As of 16-Oct, Easun Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 47.34, which represents a decrease of 2.49 or 5.0%. The stock has underperformed its sector by 4.88% today and opened with a loss of 5%. It touched an intraday low of Rs 47.34 and has not shown any price range since opening. Additionally, the stock's delivery volume has significantly decreased, falling by 98.75% against the 5-day average, indicating a drop in investor participation. Over the past week, the stock has seen a slight decline of 0.53%, while its year-to-date performance shows a drop of 8.96%. However, it has performed well over the longer term, with a 52.46% increase over the past three years and a 164.47% increase over five years.In the broader market context, the Sensex has increased by 1.58% over the past week and 6.82% year-to-date, indicating a positive market trend that Easun Capital Markets Ltd is not following. While the stock has shown strong performance over longer periods, its recent underperformance suggests that it is not keeping pace with the overall market or its sector. The lack of trading activity on one day out of the last 20 days further highlights the erratic trading behavior and potential liquidity issues surrounding the stock, contributing to its current downward price movement.
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