Why is Emerald Tyre falling/rising?
As of 09-Sep, Emerald Tyre Manufacturers Ltd's stock price is 132.50, down 2.57%, and has underperformed its sector by 2.99%. Despite increased delivery volume, the stock has declined 26.20% year-to-date, contrasting with the broader market's gains.
As of 09-Sep, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at 132.50, reflecting a decrease of 3.5 points or 2.57%. The stock has underperformed its sector by 2.99% today, despite having a delivery volume that has risen by 55.46% compared to the 5-day average, indicating increased investor participation. In terms of moving averages, the stock is higher than the 50-day, 100-day, and 200-day averages but lower than the 5-day and 20-day averages. Over the past week, the stock has decreased by 7.34%, while it has shown a slight increase of 0.34% over the past month. However, year-to-date, it has significantly underperformed with a drop of 26.20%.In the broader market context, the Sensex has gained 1.18% over the past week and 2.07% over the past month, contrasting sharply with Emerald Tyre's negative performance. This suggests that while the overall market is experiencing growth, Emerald Tyre is struggling to keep pace, which may be contributing to its declining stock price. The year-to-date performance of the stock, down 26.20%, further highlights its struggles compared to the Sensex's positive return of 5.18%. The lack of available positive or negative factors in the dashboard limits the understanding of specific catalysts affecting the stock's recent movement.
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