Why is Emerald Tyre falling/rising?
As of 10-Jul, Emerald Tyre Manufacturers Ltd is priced at 114.00 with no change, and has significantly underperformed, showing a 1-week return of -6.56% and a 1-month return of -9.88%. The stock is trading below all major moving averages, indicating a bearish trend and company-specific issues, contrasting with the broader market's slight decline.
As of 10-Jul, Emerald Tyre Manufacturers Ltd is currently priced at 114.00, showing no change (0.00%). The stock has underperformed in the short term, with a 1-week return of -6.56% and a 1-month return of -9.88%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also declined, with a delivery volume of 13.2k on 09 July, which is down by 24.66% compared to the 5-day average. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the Sensex has shown a slight decline of only -0.20% over the past week and a modest gain of +1.00% over the past month, contrasting sharply with Emerald Tyre's significant losses during the same periods. This suggests that the stock's poor performance is not aligned with the overall market trend, indicating company-specific issues rather than broader market challenges. The year-to-date performance of Emerald Tyre is particularly concerning, with a decline of -36.51% compared to the Sensex's gain of +7.23%, further highlighting the stock's struggles in the current market environment.
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