Why is Emerald Tyre falling/rising?
As of 11-Sep, Emerald Tyre Manufacturers Ltd's stock price is declining at 128.65, down 1.79%, with significant underperformance compared to the Sensex. The stock has seen substantial drops over the past week and month, indicating weak investor interest and unfavorable market conditions.
As of 11-Sep, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at 128.65, which represents a decrease of 2.35 or 1.79%. The stock has underperformed its sector by 2.36% today, and its delivery volume has significantly decreased by 35.81% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is higher than its 100-day moving average, it is lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week and month, the stock has seen declines of 5.68% and 5.37%, respectively, and it has a year-to-date drop of 28.35%, contrasting sharply with the Sensex, which has gained 5.75% during the same period.In the broader market context, the stock's recent performance is notably weaker than the benchmark, as it has consistently underperformed the Sensex across various time frames. The Sensex has shown positive returns of 1.10% over the past week and 1.71% over the past month, while Emerald Tyre has faced significant losses. This disparity suggests that market conditions are favoring other investments over Emerald Tyre, contributing to its declining stock price. The absence of any positive factors in the dashboard further emphasizes the challenges the company is facing in attracting investor interest amidst a generally favorable market environment.
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