Why is Goenka Diamond falling/rising?
As of 26-Sep, Goenka Diamond & Jewels Ltd's stock price is at 0.96, down 4.95%, and has underperformed its sector and the broader market significantly. Year-to-date, the stock has declined by 15.79%, with a one-year drop of 35.14%, indicating persistent struggles compared to market trends.
As of 26-Sep, Goenka Diamond & Jewels Ltd's stock price is currently at 0.96, reflecting a decrease of 0.05, or 4.95%. The stock has underperformed its sector by 3.19% today, and its delivery volume has fallen significantly by 26.38% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has dropped by 10.28%, while it has shown a modest increase of 6.67% over the past month. However, the year-to-date performance is down by 15.79%, and the one-year return is a substantial decline of 35.14%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that the Sensex has decreased by 2.66% over the past week, suggesting that the broader market is also facing challenges. In comparison, Goenka Diamond's short-term performance has been significantly worse than the benchmark, indicating that the stock is not only struggling in isolation but is also lagging behind the overall market trend. The stock's performance over longer periods, such as a 3-year decline of 46.37% versus the Sensex's gain of 40.74%, further emphasizes its underperformance relative to the market.
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