Why is Garment MLL PP falling/rising?
As of 16-Jun, Garment Mantra Lifestyle Ltd Partly Paidup's stock price has declined to Rs. 0.55, marking a 3.51% drop and a new 52-week low. The stock has underperformed significantly, with a 38.89% decrease over the last 10 days, and is trading below all key moving averages amid persistent bearish sentiment.
As of 16-Jun, Garment Mantra Lifestyle Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs. 0.55, which represents a decrease of Rs. 0.02 or 3.51%. The stock has hit a new 52-week and all-time low today, and it has been on a downward trend for the last 10 days, resulting in a significant drop of 38.89% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish sentiment. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week has been notably poor, with a return of -19.12%, while the benchmark Sensex has only declined by 0.79%. This stark contrast highlights the stock's underperformance relative to the market. Furthermore, the stock's liquidity is deemed sufficient for trading, based on 2% of the 5-day average traded value, but this has not translated into positive price movement. Overall, the significant decline in Garment MLL PP's stock price appears to be driven by ongoing negative sentiment and a lack of supportive market factors.
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