Why is Garment MLL PP falling/rising?
As of 18-Jun, Garment Mantra Lifestyle Ltd Partly Paidup's stock price has declined to Rs. 0.51, marking a 3.77% drop and a new 52-week low. The stock has lost value for 12 consecutive days, underperforming significantly compared to the benchmark Sensex, with no identifiable factors to improve its outlook.
As of 18-Jun, Garment Mantra Lifestyle Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs. 0.51, which reflects a decrease of Rs. 0.02 or 3.77%. The stock has hit a new 52-week and all-time low today, and it has been on a downward trend, losing value for the last 12 consecutive days, resulting in a total decline of 43.33% 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 sustained bearish sentiment. Although there has been a slight increase in investor participation with a delivery volume of 12.8k on June 17, this has not been sufficient to counteract the overall negative performance.In the broader market context, the stock has underperformed relative to the benchmark Sensex, which has only declined by 1.30% over the past week, while Garment MLL PP has seen a much steeper drop of 17.74%. This significant disparity highlights the stock's weakness compared to the overall market. The lack of available positive or negative factors further complicates the outlook, as there are no specific catalysts or concerns identified that could explain the stock's recent movements. Overall, the combination of sustained losses, poor relative performance, and the absence of supportive factors contributes to the ongoing decline in Garment MLL PP's stock price.
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