Why is Hariyana Ship falling/rising?
As of 12-Jun, Hariyana Ship Breakers Ltd's stock price is Rs 124.80, down 5.42%, with a significant decline in trading volume and underperformance compared to its sector and the broader market. Despite a positive annual return, the stock has lost 8.24% over the last four days, indicating a challenging market environment.
As of 12-Jun, Hariyana Ship Breakers Ltd is experiencing a decline in its stock price, currently at Rs 124.80, which represents a decrease of Rs 7.15 or 5.42%. The stock has been underperforming, having lost 8.24% over the last four days, and it has underperformed its sector by 3.31% today. The stock reached an intraday high of Rs 134.65 but fell to a low of Rs 124.1. Additionally, the stock's trading volume has significantly decreased, with delivery volume dropping by 72.29% compared to the five-day average. While the stock has shown positive returns over longer periods, such as a 16.91% increase over the past year, its year-to-date performance is down by 1.46%.Broader market context indicates that the Sensex has shown a slight positive movement of 0.31% over the past week, contrasting with the stock's decline of 8.03% during the same period. This suggests that the broader market is performing better than Hariyana Ship Breakers Ltd, contributing to its relative underperformance. The overall trading environment in the sector has also seen a decline of 2.15%, which may be affecting investor sentiment and participation in the stock. The combination of these factors indicates a challenging situation for the company in the current market landscape.
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