Why is Garware Marine falling/rising?
As of 07-Nov, Garware Marine Industries Ltd's stock price is Rs 29.90, down 4.99%, and has lost 9.72% over the last two days. Despite increased delivery volume indicating potential investor interest, the stock's overall performance remains weak compared to the broader market.
As of 07-Nov, Garware Marine Industries Ltd is experiencing a decline in its stock price, currently at Rs 29.90, which reflects a decrease of 1.57 or 4.99%. The stock has been underperforming, having lost 9.72% over the last two days, and opened with a loss of 4.99% today. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. The stock has also seen a significant increase in delivery volume, rising by 47.95% against the 5-day average, indicating a potential increase in investor interest, although this has not translated into positive price movement.In the broader market context, Garware Marine's recent performance contrasts with the Sensex, which has seen a decline of 0.86% over the past week, while Garware Marine has decreased by only 0.50%. Over the past month, Garware Marine has outperformed the benchmark with a return of 7.17% compared to the Sensex's 1.57%. However, year-to-date, Garware Marine is down 5.02%, while the Sensex is up 6.50%. This suggests that while the stock has shown some resilience in the short term, its overall performance remains weak compared to the broader market, contributing to the current downward trend.
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