Why is Emerald Tyre falling/rising?
As of 18-Sep, Emerald Tyre Manufacturers Ltd's stock price is 126.30, down 1.75% and significantly underperforming its sector. The stock has seen a year-to-date decline of 29.66%, contrasting sharply with the Sensex's 7.52% gain, indicating ongoing struggles in investor sentiment.
As of 18-Sep, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at 126.30, down by 2.25, which represents a decrease of 1.75%. The stock has underperformed its sector by 1.5% today, and its delivery volume has significantly decreased, falling by 93.27% compared to the 5-day average. Additionally, the stock's performance over the past week shows a decline of 1.83%, and over the past month, it has dropped by 11.24%. The stock is currently higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed momentum. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context reveals that while Emerald Tyre has faced a significant year-to-date decline of 29.66%, the benchmark Sensex has gained 7.52% in the same period. In the short term, the stock's performance over the past week and month has been notably worse than the Sensex, which has increased by 1.67% in the last week and 2.20% over the past month. This stark contrast highlights the stock's struggles relative to the broader market, contributing to investor sentiment that may be driving the stock price lower.
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