Why is Emerald Tyre falling/rising?
As of 10-Sep, Emerald Tyre Manufacturers Ltd's stock price is declining at 131.00, down 1.13%, with a significant drop in delivery volume and underperformance compared to the Sensex. The stock has decreased by 6.43% over the past week and 27.04% year-to-date, indicating weak investor sentiment and contrasting sharply with the broader market's positive trends.
As of 10-Sep, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at 131.00, which represents a decrease of 1.5 or 1.13%. The stock has underperformed its sector by 1% today, and its delivery volume has significantly decreased by 65.91% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. Over the past week, the stock has dropped by 6.43%, and year-to-date, it has declined by 27.04%, contrasting sharply with the Sensex, which has gained 5.62% during the same period.In the broader market context, the stock's recent performance is notably weaker than the benchmark, as it has underperformed the Sensex by a significant margin both in the short term and year-to-date. The Sensex has shown a positive return of 1.04% over the past week and 2.50% over the past month, while Emerald Tyre's returns have been negative. This divergence suggests that market sentiment is favoring broader market trends over the specific challenges faced by Emerald Tyre, contributing to its declining stock price.
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