Why is Eighty Jewellers falling/rising?
As of 06-Nov, Eighty Jewellers Ltd's stock price is Rs 27.15, down 5.07%, and has underperformed its sector by 4.12%. The stock has shown significant declines over various periods, with a year-to-date return of -42.17%, contrasting sharply with the Sensex's increase of 6.62%.
As of 06-Nov, Eighty Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 27.15, which represents a decrease of Rs 1.45 or 5.07%. The stock has underperformed its sector by 4.12% today and opened with a loss of 3.15%. It has touched an intraday low of Rs 27.15, and trading has been erratic, with the stock not trading on 4 out of the last 20 days. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, falling by 44.44% against the 5-day average, indicating a drop in investor participation. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, the stock has shown a significant decline over various periods, with a year-to-date return of -42.17%, while the benchmark Sensex has increased by 6.62% during the same timeframe. Over the past month, Eighty Jewellers has decreased by 15.16%, contrasting sharply with the Sensex's gain of 1.86%. This stark difference in performance highlights the stock's struggles relative to the broader market, contributing to its downward trend.
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