Why is Emerald Tyre falling/rising?
As of 29-Sep, Emerald Tyre Manufacturers Ltd's stock price is 125.00, down 3.1%, with a significant decline in delivery volume and mixed performance against moving averages. Despite a positive return over the past week, the stock has underperformed year-to-date compared to the market benchmark.
As of 29-Sep, Emerald Tyre Manufacturers Ltd is experiencing a decline in its stock price, currently at 125.00, which reflects a decrease of 4.0 or 3.1%. The stock has underperformed its sector today by 0.93%, and its delivery volume has fallen significantly, down 26.83% compared to the 5-day average. Over the past week, the stock has shown a positive return of 3.48%, but it has struggled in the longer term, with a 12.74% decline over the past month and a substantial 30.38% drop year-to-date. The stock is currently trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed performance relative to its historical trends.Broader market context shows that while the Sensex has declined by 2.25% over the past week, Emerald Tyre's recent performance has been relatively better in this timeframe. However, the stock's year-to-date performance is significantly worse than the benchmark, which has gained 4.19%. This stark contrast highlights the challenges Emerald Tyre faces in attracting investor interest, as evidenced by the falling delivery volumes and overall liquidity, which may contribute to the downward pressure on its stock price.
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