Why is Harish Textile falling/rising?

Oct 09 2025 11:44 PM IST
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As of 09-Oct, Harish Textile Engineers Ltd's stock price is Rs 61.05, down 2.72% and has declined 6.42% over the last two days. Despite a short-term gain of 8.51%, the year-to-date return is -27.15%, indicating significant underperformance compared to the broader market.
As of 09-Oct, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 61.05, which reflects a decrease of Rs 1.71 or 2.72%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.42% during this period. Additionally, the stock's performance today has underperformed its sector by 2.43%. Despite a positive trend in the short term with a 1-week return of 8.51%, the year-to-date return remains significantly negative at -27.15%. The stock's trading volume has increased, with a delivery volume of 9.64k on October 8, which is 158.45% higher than the 5-day average, indicating rising investor participation. However, the lack of positive factors in the dashboard may suggest underlying issues affecting investor sentiment.

Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.47% over the past week, Harish Textile's short-term performance of 8.51% indicates that it has outperformed the benchmark in that timeframe. However, the broader market context shows that while the Sensex has a year-to-date gain of 5.16%, Harish Textile's significant decline of 27.15% highlights a stark contrast in performance. This divergence suggests that while the overall market is experiencing growth, Harish Textile is facing challenges that are impacting its stock price negatively.
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