Why is Garment MLL PP falling/rising?
As of 24-Jun, Garment Mantra Lifestyle Ltd Partly Paidup's stock price is Rs. 0.43, down 4.44%, marking a 52.22% decline over 16 days and hitting a new all-time low. The stock is underperforming the market and sector, despite increased investor participation.
As of 24-Jun, Garment Mantra Lifestyle Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs. 0.43, which reflects a decrease of Rs. 0.02 or 4.44%. The stock has been on a downward trend, having lost value for the last 16 consecutive days, resulting in a total decline of 52.22% during this period. Additionally, it has hit a new 52-week and all-time low today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 42.77% against the 5-day average, the overall performance has underperformed the sector by 5.48%. Unfortunately, the positive and negative factors impacting the stock are not available for analysis.In the broader market context, the stock's performance over the past week shows a significant underperformance compared to the benchmark Sensex, which has gained 0.58% while Garment MLL PP has declined by 18.87%. This stark contrast highlights the challenges faced by the company relative to the overall market. The lack of positive returns over the past month and year further emphasizes the difficulties the stock is encountering, especially as it struggles to attract investor confidence amidst its ongoing price decline.
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