Why is Genus Prime falling/rising?
As of 29-September, Genus Prime Infra Ltd's stock price is Rs 22.05, down 6.84%, and has underperformed its sector by 6.06%. The stock is trading below moving averages, indicating a bearish trend, with reduced investor participation and a significant decline over the past month.
As of 29-September, Genus Prime Infra Ltd is experiencing a decline in its stock price, currently at Rs 22.05, which reflects a decrease of Rs 1.62 or 6.84%. The stock has underperformed significantly today, with a performance that is 6.06% lower than its sector. It touched an intraday low of Rs 21.57, marking an 8.87% drop, and is now just 2.95% away from its 52-week low of Rs 21.4. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 59.73% compared to the 5-day average, suggesting reduced interest from investors.In the broader market context, Genus Prime's short-term performance has been unfavorable compared to the benchmark Sensex, which has shown a decline of 2.18% over the past week while Genus Prime has dropped by 4.13%. Over the past month, Genus Prime has decreased by 11.45%, contrasting sharply with the Sensex's modest gain of 0.70%. Despite a strong performance over the longer term, with a 3-year increase of 110% and a 5-year increase of 1834.21%, the recent trends indicate a significant downturn, exacerbated by high volatility and a wide trading range today.
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