Why is H D I L falling/rising?
As of 18-Nov, Housing Development & Infrastructure Ltd (HDIL) is facing a decline in stock price, currently at 2.73, down 4.88%. The stock has underperformed significantly, trading below all major moving averages and experiencing a 29.27% year-to-date decline compared to the Sensex's 8.36% gain.
As of 18-Nov, Housing Development & Infrastructure Ltd (HDIL) is experiencing a decline in its stock price, currently at 2.73, which reflects a decrease of 0.14 or 4.88%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.77% during this period. Additionally, HDIL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a 48.25% drop compared to the 5-day average, suggesting a lack of investor interest. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, HDIL's performance has been notably poor compared to the benchmark Sensex. Over the past week, HDIL has declined by 3.53%, while the Sensex has gained 0.96%. This trend continues over the past month, with HDIL down 4.21% against a 0.86% increase in the Sensex. Year-to-date, HDIL has seen a staggering decline of 29.27%, contrasting sharply with the Sensex's gain of 8.36%. Such significant underperformance relative to the benchmark indicates a challenging environment for HDIL, contributing to its falling stock price.
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