Why is Ent.Network falling/rising?
As of 31-Oct, Entertainment Network (India) Ltd's stock price is Rs 132.10, down 2.55%, and has declined 6.58% over the past week, significantly underperforming the Sensex. The stock is trading below all major moving averages, indicating a bearish trend and weak investor sentiment.
As of 31-Oct, Entertainment Network (India) Ltd is experiencing a decline in its stock price, currently at Rs 132.10, reflecting a decrease of Rs 3.45 or 2.55%. The stock has been on a downward trend, having underperformed its sector by 1.53% today and marking a consecutive fall over the last five days with a total decline of 6.58%. It opened lower today, down 2.55%, and has not shown any price range movement since opening. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a significant increase in delivery volume, rising by 713.02% against the 5-day average, the overall performance remains negative, and no positive or negative dashboard data is available to further clarify the stock's recent movements.In the broader market context, the stock's performance over the past week shows a decline of 6.58%, contrasting sharply with the Sensex, which has only decreased by 0.32%. Over the past month, Entertainment Network has seen a more substantial drop of 15.70%, while the Sensex has gained 3.65%. Year-to-date, the stock is down 25.97%, compared to the Sensex's increase of 7.42%. This significant underperformance relative to the benchmark suggests that investor sentiment towards Entertainment Network is weak, contributing to its declining stock price amidst a generally more stable market environment.
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