Why is Hamps Bio falling/rising?
As of 24-Sep, Hamps Bio Limited's stock price is Rs 24.72, down 5.0% and has declined 14.23% over the past week, significantly underperforming compared to the Sensex. Year-to-date, the stock has fallen 40.20%, indicating negative investor sentiment relative to market trends.
As of 24-Sep, Hamps Bio Limited's stock price is currently at Rs 24.72, reflecting a decline of Rs 1.3, or 5.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total return of -14.23% over the past week. Today's performance indicates that it opened with a loss of 5% and has since remained at the same price, touching an intraday low of Rs 24.72. The stock is trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, while there has been a rise in investor participation with a 25% increase in delivery volume, the stock's erratic trading pattern, where it did not trade on 3 out of the last 20 days, may contribute to its volatility. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Hamps Bio's performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.18% over the past week while Hamps Bio has dropped by 14.23%. This stark contrast highlights the stock's underperformance relative to the market. Furthermore, year-to-date, Hamps Bio has seen a substantial decline of 40.20%, while the Sensex has gained 4.58%. Such a disparity in performance suggests that investor sentiment towards Hamps Bio is particularly negative compared to the overall market trends.
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