Why is Esprit Stones falling/rising?
As of 19-Sep, Esprit Stones Ltd's stock price is Rs 84.10, down 0.65%, and trading below all key moving averages, indicating a bearish trend. Despite a 15.90% decline over the past month, investor participation has increased significantly, contrasting with the broader market's positive performance.
As of 19-Sep, Esprit Stones Ltd is experiencing a decline in its stock price, currently at Rs 84.10, which reflects a decrease of Rs 0.55 or 0.65%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.5% away from Rs 82. Over the past week, the stock has dropped by 3.05%, and it has seen a significant decline of 15.90% over the past month. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 172.73% compared to the 5-day average, suggesting some interest in the stock despite its downward movement.In the broader market context, the Sensex has shown a positive return of 0.85% over the past week, contrasting sharply with Esprit Stones' negative performance. This divergence indicates that while the overall market is gaining, Esprit Stones is underperforming significantly. Year-to-date, the stock has declined by 33.17%, while the Sensex has increased by 7.11%, further highlighting the stock's struggles relative to the benchmark. The lack of available positive or negative factors in the dashboard limits a deeper analysis of specific catalysts affecting the stock's recent performance.
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