Why is Econo Trade Indi falling/rising?
As of 23-Sep, Econo Trade India Ltd's stock price is at 8.19, with a recent increase of 1.99%. Despite short-term gains, the stock has underperformed over the past year and three years compared to the broader market.
As of 23-Sep, Econo Trade India Ltd's stock price is currently at 8.19, reflecting an increase of 0.16 or 1.99%. The stock has been gaining momentum, having outperformed its sector by 1.66% today and achieving a consecutive gain over the last two days with a total return of 3.93%. In terms of returns, the stock has shown a positive performance over the past week and month, with increases of 3.02% and 3.41%, respectively. However, it is important to note that the stock has experienced a decline of 9.90% over the past year and 24.59% over the past three years. Additionally, there has been a decrease in investor participation, as indicated by a 9.64% drop in delivery volume compared to the five-day average, which may affect the stock's upward momentum.In the broader market context, Econo Trade India Ltd has outperformed the Sensex index in the short term, with a 1W return of 3.02% compared to the Sensex's decline of 0.34%. However, while the stock has shown positive short-term performance, its year-to-date return of 3.80% lags behind the Sensex's 5.07% gain. This suggests that despite recent gains, the stock's overall performance remains weaker compared to the broader market trends, particularly over longer periods such as one year and three years, where it has significantly underperformed the benchmark.
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