Why is Fiberweb (India) falling/rising?
As of 17-Nov, Fiberweb (India) Ltd's stock price is Rs 39.47, down 6.47%, and has lost 7.19% over the last two days. The stock is underperforming significantly compared to the benchmark Sensex, which has gained 1.69% over the past week, indicating a bearish trend and lack of investor confidence.
As of 17-Nov, Fiberweb (India) Ltd is experiencing a decline in its stock price, currently at Rs 39.47, which represents a decrease of 2.73 or 6.47%. The stock has been underperforming, having lost 7.19% over the last two days and opened with a loss of 2.84% today. It touched an intraday low of Rs 39.26, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Despite a rise in delivery volume by 14.19% on 14 November compared to the 5-day average, the overall performance has been poor, with year-to-date returns down by 36.85%.Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.69% over the past week, Fiberweb (India) has declined by 6.67%, highlighting its significant underperformance. The broader market has shown positive returns, with the Sensex up 8.72% year-to-date, contrasting sharply with Fiberweb's substantial losses. This disparity indicates that while the market is generally favorable, Fiberweb is struggling to attract investor confidence, contributing to its falling stock price.
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