Why is Enkei Wheels falling/rising?

Sep 18 2025 10:50 PM IST
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As of 18-Sep, Enkei Wheels India Ltd's stock price is Rs 485.00, down 2.22% and significantly underperforming the Sensex. The stock has declined 26.89% over the past year and shows a bearish trend, with decreased investor participation and a notable lag behind broader market trends.
As of 18-Sep, Enkei Wheels India Ltd's stock price is currently at Rs 485.00, reflecting a decrease of Rs 11.0 or 2.22%. The stock has recently underperformed its sector by 2.36%, and despite opening with a gain of 5.85% today, it has since fallen after two consecutive days of gains. The stock is now 4.07% away from its 52-week low of Rs 465.25. Over the past year, the stock has declined by 26.89%, significantly underperforming the benchmark Sensex, which has only seen a marginal increase of 0.08%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 26.57% against the 5-day average.

In the broader market context, the stock's performance over the past week has been flat at 0.00%, while the Sensex has increased by 1.80%. Over the past month, Enkei Wheels has gained 0.93%, but this is still below the Sensex's return of 2.14%. The stock's long-term performance shows a decline of 28.17% year-to-date compared to the Sensex's 6.24% increase, indicating a significant lag behind the broader market trends. The moving averages indicate that while the stock is higher than the 20-day moving average, it remains lower than the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the stock's price movement.
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