Why is Ekam Leasing falling/rising?
As of 18-Nov, Ekam Leasing And Finance Co Ltd's stock price is Rs 6.00, down 4.15%, and has significantly underperformed with a year-to-date return of -35.14%. The stock is trading near its 52-week low and below all major moving averages, indicating a bearish trend amidst a generally positive market.
As of 18-Nov, Ekam Leasing And Finance Co Ltd is experiencing a decline in its stock price, currently at Rs 6.00, which represents a decrease of Rs 0.26 or 4.15%. The stock has underperformed significantly, with a 1-week return of -4.76% and a 1-month return of -4.15%. It is also trading close to its 52-week low, just 1.67% above Rs 5.90. Additionally, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a notable increase in delivery volume, which rose by 400% on November 14 compared to the 5-day average, the overall performance remains weak, as the stock has not traded on one day out of the last 20 days.In the broader market context, the Sensex has shown a positive return of +0.96% over the past week, contrasting sharply with Ekam Leasing's negative performance. This divergence highlights the stock's struggles relative to the benchmark index, which has also outperformed the stock over longer periods, including a year-to-date return of +8.36% compared to Ekam Leasing's -35.14%. The lack of available positive factors further emphasizes the challenges faced by the company, as it continues to lag behind the market and its sector.
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