Why is Gandhi Spl. Tube falling/rising?
As of 11-Nov, Gandhi Special Tubes Ltd's stock price is Rs 790.80, down 4.65%, and has underperformed its sector and the broader market. Recent declines and reduced trading volume indicate unfavorable market conditions for the stock.
As of 11-Nov, Gandhi Special Tubes Ltd is experiencing a decline in its stock price, currently at Rs 790.80, which reflects a decrease of Rs 38.55 or 4.65%. The stock has underperformed its sector by 5.1% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 756.95, marking a significant drop of 8.73%. Additionally, the stock's trading volume has decreased, with a delivery volume of 4.6k on 10 Nov, down by 11.58% compared to the 5-day average. In terms of returns, the stock has shown a negative performance over the past week and month, with declines of 7.58% and 15.23%, respectively, while it has remained relatively flat over the past year.In the broader market context, the Sensex has shown a positive return of 0.49% over the past week and 1.66% over the past month, contrasting sharply with Gandhi Special Tubes Ltd's negative returns during the same periods. This underperformance against the benchmark indicates that the stock is not only struggling in its sector but also lagging behind the overall market trends. Despite a strong performance over the longer term, with a 267.39% increase over the past five years, the recent volatility and declining investor participation suggest that current market conditions are unfavorable for the stock.
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