Why is Esprit Stones falling/rising?
As of 27-Jun, Esprit Stones Ltd's stock price is 108.45, down 1.77%, and has underperformed its sector and the benchmark Sensex significantly. Despite a recent increase in investor participation, the stock has declined by 13.83% year-to-date, contrasting with the Sensex's gains.
As of 27-Jun, Esprit Stones Ltd is experiencing a decline in its stock price, currently at 108.45, reflecting a decrease of 1.95, or 1.77%. The stock has underperformed its sector by 1.48% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.73%, and it has seen a significant drop of 9.66% over the past month. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 177.78% against the 5-day average, indicating some interest in the stock despite its recent poor performance. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Esprit Stones' performance has been significantly lagging behind the benchmark Sensex, which has gained 2.09% over the past week and 3.27% over the past month. Year-to-date, Esprit Stones has declined by 13.83%, while the Sensex has risen by 8.43%. This stark contrast highlights the stock's struggles in a generally positive market environment, contributing to the downward pressure on its price.
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