Why is Emerald Tyre falling/rising?
As of 17-Sep, Emerald Tyre Manufacturers Ltd's stock price is 128.55, down 0.96%, with significant declines over the past week (1.87%) and month (7.02%), and a year-to-date drop of 28.40%. The stock has underperformed compared to the Sensex, which has gained 7.13% this year, indicating weaker investor interest and broader market challenges.
As of 17-Sep, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at 128.55, reflecting a decrease of 1.25, or 0.96%. The stock has underperformed its sector today by 1.21%, and its delivery volume has significantly dropped by 84.85% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 1.87%, and over the past month, it has fallen by 7.02%. Year-to-date, the stock has seen a substantial decline of 28.40%, contrasting sharply with the Sensex, which has gained 7.13% during the same period. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, as evidenced by its 1-week and 1-month returns compared to the Sensex. While the Sensex has increased by 1.43% over the past week and 2.84% over the past month, Emerald Tyre's declines highlight a significant underperformance. This disparity suggests that broader market conditions may be favoring other sectors or stocks, further contributing to the downward pressure on Emerald Tyre's stock price.
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