Why is Empire Inds. falling/rising?
As of 19-Nov, Empire Industries Ltd's stock price is Rs 958.05, down 5.16%, and has fallen 13.27% in the past week. The stock is underperforming significantly compared to the Sensex, which has gained 9.02% year-to-date, indicating negative investor sentiment.
As of 19-Nov, Empire Industries Ltd is experiencing a decline in its stock price, currently at Rs 958.05, which reflects a decrease of Rs 52.15 or 5.16%. The stock has been underperforming significantly, having fallen 13.27% over the past week and 10.04% over the past month. It is also trading close to its 52-week low, just 3.76% above the low of Rs 922. The stock has been on a consecutive downward trend for the last five days, and it is currently trading below all key moving averages, indicating a bearish sentiment. Despite a notable increase in delivery volume, which rose by 158.2% against the five-day average, the overall performance remains weak, as evidenced by the stock's underperformance against its sector by 3.89%.In the broader market context, the Sensex has shown a positive return of 0.85% over the past week and 1.47% over the past month, contrasting sharply with Empire Industries' negative performance. Year-to-date, while the Sensex has gained 9.02%, Empire Industries has seen a decline of 25.95%. This stark difference highlights the stock's struggles relative to the overall market, suggesting that investor sentiment towards Empire Industries is particularly negative compared to the broader market trends.
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