Why is Ekam Leasing falling/rising?
As of 17-Oct, Ekam Leasing And Finance Co Ltd's stock price is at 6.26, with a year-to-date decline of 32.32% and significant underperformance compared to the Sensex. The stock is trading below all major moving averages and has shown erratic trading behavior, indicating a bearish trend and reduced investor participation.
As of 17-Oct, Ekam Leasing And Finance Co Ltd's stock price is currently at 6.26, showing no change (0.00%). The stock has experienced a significant decline over various periods, with a 1-week drop of 5.15% and a 1-month decrease of 16.42%. Additionally, the year-to-date return is down by 32.32%. Today's trading performance is inline with the sector; however, the stock has not traded on one day out of the last 20 days, indicating erratic trading behavior. Furthermore, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. The delivery volume has also decreased significantly, falling by 66.77% against the 5-day average, reflecting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance has been notably poor compared to the benchmark, the Sensex, which has gained 1.76% over the past week while Ekam Leasing has lost 5.15%. This underperformance is consistent across other time frames, with the stock down 16.42% over the past month compared to the Sensex's gain of 1.52%. The stark contrast in performance highlights the challenges faced by Ekam Leasing in attracting investor interest and maintaining liquidity, as evidenced by the low trading volume and the stock's position relative to moving averages.
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