Why is Escorp Asset Mgt falling/rising?
As of 13-Jun, Escorp Asset Management Ltd's stock price is at 106.40, down 1.98% after four consecutive days of decline totaling 7.72%. Despite strong long-term returns, recent performance is hindered by a significant drop in investor participation and a shift in sentiment, contrasting with the benchmark Sensex's smaller decline.
As of 13-Jun, Escorp Asset Management Ltd's stock price is currently at 106.40, reflecting a decrease of 2.15, or 1.98%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 7.72% during this period. Despite a strong year-to-date return of 74.14% and a remarkable 1341.73% increase over the past three years, the stock's recent performance has been negatively impacted by a significant drop in investor participation, with delivery volume plummeting by 99.61% compared to the five-day average. Additionally, while the stock is trading above its longer-term moving averages, it is currently below its five-day moving average, indicating a potential short-term weakness.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.30% over the past week. This underperformance relative to the benchmark, combined with the stock's recent consecutive falls, suggests that investor sentiment may be shifting negatively despite the strong long-term returns. The stock's liquidity remains adequate for trading, but the sharp decline in delivery volume indicates a lack of confidence among investors, contributing to the downward pressure on the stock price.
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