Why is Eighty Jewellers falling/rising?
As of 19-Sep, Eighty Jewellers Ltd is currently priced at Rs 34.35, up 4.41%, with a notable 16.44% gain over the last two days, indicating a potential turnaround despite significant year-to-date losses. The stock has outperformed the benchmark Sensex recently, suggesting increasing investor interest and momentum.
As of 19-Sep, Eighty Jewellers Ltd is experiencing a price increase, with the current price at Rs 34.35, reflecting a rise of Rs 1.45 or 4.41%. The stock has shown strong performance recently, gaining 16.44% over the last two days and outperforming its sector by 5.79% today. Additionally, the stock has risen by 10.81% over the past week and 4.15% over the past month, although it remains down 26.84% year-to-date and 34.94% over the past year. The stock's trading activity has also seen a significant uptick, with delivery volume increasing by 150% against the five-day average, indicating rising investor participation. However, it is worth noting that the positive and negative factors dashboard is unavailable, which limits a comprehensive analysis of the influences on the stock's movement.In the broader market context, the stock's recent performance stands in stark contrast to the benchmark Sensex, which has only increased by 0.88% over the past week and 1.20% over the past month. This indicates that Eighty Jewellers is not only recovering from its previous declines but is also gaining momentum relative to the overall market. Despite its significant year-to-date and one-year losses, the recent upward trend suggests a potential turnaround, especially as it has outperformed the benchmark in the short term.
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