Why is Gandhi Spl. Tube falling/rising?
As of 13-Oct, Gandhi Special Tubes Ltd's stock price is Rs 913.90, down 2.04%, and has underperformed its sector today. Despite strong long-term performance, the stock has declined 5.84% over the past week and 5.10% over the past month, indicating short-term challenges.
As of 13-Oct, Gandhi Special Tubes Ltd is experiencing a decline in its stock price, currently at Rs 913.90, which reflects a decrease of Rs 19.0 or 2.04%. The stock has underperformed its sector by 1.4% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.65% during this period. Additionally, the stock's performance over the past week and month shows a decline of 5.84% and 5.10%, respectively, while it has performed well year-to-date and over the past year, with increases of 15.99% and 18.87%. The stock's trading activity indicates a weighted average price closer to its intraday low of Rs 911, suggesting selling pressure, although there has been a notable increase in delivery volume, which rose by 76.39% against the 5-day average.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.66% over the past week, Gandhi Special Tubes Ltd's short-term performance has lagged significantly. The Sensex has also shown positive returns over the last month, while Gandhi Special Tubes Ltd has continued to decline. This underperformance in the short term, coupled with the stock's recent consecutive falls, indicates a challenging environment for the company despite its strong long-term performance over three and five years, where it has outpaced the benchmark significantly.
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