Why is Greenhitech Ven. falling/rising?
As of 03-Sep, Greenhitech Ventures Ltd is priced at 85.60, with no change and significant underperformance compared to its sector and the Sensex. The stock is in a downward trend, trading below all major moving averages, and has seen a notable decline in investor participation and year-to-date performance.
As of 03-Sep, Greenhitech Ventures Ltd is currently priced at 85.60, showing no change (0.00%). The stock has underperformed its sector by 1.26% today and has experienced erratic trading, not trading on 2 out of the last 20 days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 16.67% against the 5-day average. The stock has also underperformed in the longer term, with a year-to-date decline of 28.73% compared to a 3.11% increase in the Sensex.In the broader market context, Greenhitech Ventures Ltd's short-term performance has been notably poor, with a 1-week decline of 7.11% compared to a minimal drop of 0.27% in the Sensex. This stark contrast highlights the stock's struggles relative to the benchmark index. The overall market sentiment appears to be more favorable, as indicated by the Sensex's positive returns over the year and year-to-date, while Greenhitech continues to face challenges, reflected in its significant negative returns over the same periods.
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