Why is Garment MLL PP falling/rising?
As of 26-Jun, Garment Mantra Lifestyle Ltd Partly Paidup's stock price has declined to Rs. 0.39, marking a 4.88% drop and a new 52-week low, with a total decline of 56.67% over the last 18 days. The stock is underperforming significantly compared to the Sensex, which has risen 2.94%, reflecting a lack of investor confidence and persistent bearish trends.
As of 26-Jun, Garment Mantra Lifestyle Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs. 0.39, which reflects a decrease of Rs. 0.02 or 4.88%. The stock has hit a new 52-week and all-time low today, and it has been on a consecutive downward trend for the last 18 days, resulting in a significant total decline of 56.67% 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 trend. Investor participation has also diminished, with delivery volume falling by 25.37% against the 5-day average, suggesting a lack of confidence among investors.In the broader market context, the stock's performance has sharply underperformed compared to the benchmark Sensex, which has gained 2.94% over the past week. This stark contrast highlights the challenges faced by Garment Mantra, as it has recorded a staggering 20.41% decline over the same timeframe. The lack of positive factors or any significant news to counterbalance the negative trends further exacerbates the stock's struggles, leading to a continued fall in its price amidst a generally stable market environment.
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