Why is Emerald Tyre falling/rising?
As of 24-Sep, Emerald Tyre Manufacturers Ltd is seeing a price increase to 131.75, up 5.4%, and has outperformed its sector today. Despite this short-term gain, the stock has a year-to-date return of -26.62%, indicating long-term struggles compared to the broader market.
As of 24-Sep, Emerald Tyre Manufacturers Ltd is experiencing a price increase, with its current price at 131.75, reflecting a rise of 6.75 or 5.4%. The stock has outperformed its sector today by 6.76%, and it is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 97.92% compared to the 5-day average. However, 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 has shown a short-term return of +2.49% over the past week, contrasting with the Sensex, which has declined by 1.08% during the same period. Despite this recent uptick, the stock has a year-to-date return of -26.62%, while the Sensex has gained 5.97% in the same timeframe. This indicates that while Emerald Tyre is currently experiencing a positive movement, it has struggled significantly over the longer term compared to the broader market.
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