Why is Goodricke Group falling/rising?
As of 07-Aug, Goodricke Group Ltd's stock price is at 222.15, down 1.46%. The stock has been declining, losing 6.21% in the past week and 3.91% in the past month, with significantly reduced investor participation and underperformance compared to the Sensex.
As of 07-Aug, Goodricke Group Ltd's stock price is currently at 222.15, reflecting a decrease of 3.3 points or 1.46%. The stock has been on a downward trend, having lost 6.21% over the past week and 3.91% over the past month. Despite opening with a gain of 3.79% today and reaching an intraday high of Rs 234, it has been unable to maintain this momentum, as it has consecutively fallen for the last five days. Additionally, the stock's delivery volume has significantly decreased by 66.32% compared to the five-day average, indicating a decline in investor participation. There is no information available regarding positive or negative factors affecting the stock.In the broader market context, Goodricke Group's performance has notably underperformed against the benchmark Sensex, which has only declined by 0.69% over the past week. While the stock has shown a year-on-year increase of 17.23%, its year-to-date performance is concerning, with a decline of 23.34% compared to the Sensex's gain of 3.18%. This stark contrast highlights the challenges faced by Goodricke Group in the current market environment, contributing to its recent price decline.
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