Why is Handson Global falling/rising?
As of 14-Nov, Handson Global Management (HGM) Ltd's stock price is Rs 74.44, up 4.99%, with strong short-term gains but a significant drop in delivery volume. Despite recent outperformance, HGM has underperformed the market year-to-date with a return of -7.87%.
As of 14-Nov, Handson Global Management (HGM) Ltd is experiencing a price increase, with its current price at Rs 74.44, reflecting a rise of Rs 3.54 or 4.99%. The stock has shown a strong performance today, outperforming its sector by 5.76% and achieving consecutive gains over the last three days, with a total return of 7.65% during this period. However, it is important to note that the stock's delivery volume has significantly decreased, falling by 78.77% against the 5-day average, indicating a decline in investor participation. Additionally, while the stock is currently trading above its 5-day, 100-day, and 200-day moving averages, it remains below its 20-day and 50-day moving averages, suggesting mixed signals regarding its momentum.In the broader market context, the stock's short-term performance over the past week shows a return of +3.39%, which is notably higher than the Sensex's return of +1.62% during the same period. However, looking at the longer-term performance, HGM has underperformed the benchmark with a year-to-date return of -7.87% compared to the Sensex's +8.22%. This contrast highlights that while the stock is currently experiencing a positive short-term trend, its overall performance in the year has been less favorable relative to the market.
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