Why is Excellent Wires falling/rising?
As of 22-Sep, Excellent Wires and Packaging Ltd is priced at 45.50 with no change, having significantly underperformed with declines over various periods and lower trading volumes. The stock is lagging behind the benchmark Sensex, which has shown gains, indicating a lack of investor confidence.
As of 22-Sep, Excellent Wires and Packaging Ltd is currently priced at 45.50, showing no change (0.00%). The stock has underperformed significantly over various periods, with a 1-week decline of 5.21%, a 1-month drop of 11.99%, and a year-to-date decrease of 24.54%. Additionally, the stock is trading lower than its moving averages across all time frames from 5 days to 200 days. There has also been a notable decline in investor participation, with delivery volume falling by 28.57% compared to the 5-day average. 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, the stock's performance has been notably weaker compared to the benchmark, the Sensex, which has gained 0.53% over the past week while Excellent Wires has declined. Over the last month, the Sensex has increased by 1.34%, contrasting sharply with the stock's 11.99% drop. This trend indicates that while the market has shown some resilience, Excellent Wires is struggling to maintain investor confidence, leading to its continued decline in price.
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