Why is Exicom Tele-Sys. falling/rising?
As of 08-Aug, Exicom Tele-Systems Ltd's stock price is Rs 142.20, down 1.01%, continuing a three-day decline totaling 5.04%. The stock has significantly underperformed over the past week, month, and year-to-date, trading below key moving averages and experiencing reduced investor participation.
As of 08-Aug, Exicom Tele-Systems Ltd is experiencing a decline in its stock price, currently at Rs 142.20, which reflects a decrease of Rs 1.45 or 1.01%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.04% during this period. Additionally, the stock has underperformed significantly over the past week and month, with returns of -8.35% and -23.14%, respectively, while year-to-date performance shows a staggering drop of 42.56%. The stock is trading below all key moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume dropping by 22.48% compared to the five-day average.In the broader market context, the Sensex has only declined by 0.92% over the past week and 4.60% over the past month, suggesting that Exicom's performance is significantly worse than the market benchmark. While the stock has outperformed its sector by 0.3% today, the overall trend remains negative, with a year-over-year decline of 65.39% compared to a slight gain of 1.23% for the Sensex. This stark contrast highlights the challenges Exicom Tele-Systems is facing in the current market environment, contributing to its ongoing price decline.
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