Why is Ekam Leasing falling/rising?
As of 26-Sep, Ekam Leasing And Finance Co Ltd's stock price is Rs 6.27, down 5.0% and has declined 18.04% over the last four days, trading below all key moving averages and nearing its 52-week low. The stock has significantly underperformed compared to the Sensex, with a year-to-date drop of 32.22%.
As of 26-Sep, Ekam Leasing And Finance Co Ltd is experiencing a decline in its stock price, currently at Rs 6.27, which represents a decrease of Rs 0.33 or 5.0%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 18.04% during this period. Additionally, the stock is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The stock is also close to its 52-week low, being only 4.78% away from Rs 5.97. Despite a notable increase in delivery volume, which rose by 361.24% against the 5-day average, the overall performance remains weak, and there is no available information on positive or negative factors impacting the stock.In the broader market context, Ekam Leasing's performance over the past week shows a decline of 15.84%, while the benchmark Sensex has only decreased by 2.66%, highlighting a significant underperformance relative to the market. Over the past month, the stock has also fallen by 13.52%, compared to a minimal decline of 0.45% for the Sensex. Year-to-date, Ekam Leasing has seen a substantial drop of 32.22%, contrasting sharply with the Sensex's gain of 2.93%. This stark difference in performance suggests that investor sentiment towards Ekam Leasing is notably negative, contributing to its ongoing price decline.
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