Why is Hariyana Ship falling/rising?
As of 01-Sep, Hariyana Ship Breakers Ltd is priced at 108.00, down 0.92%, and has underperformed with a total decline of 1.82% over the last two days. The stock is trading below all major moving averages, indicating a bearish trend, and has seen a significant drop in investor participation.
As of 01-Sep, Hariyana Ship Breakers Ltd is currently priced at 108.00, reflecting a decrease of 1.0, or 0.92%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.82%. It reached an intraday low of Rs 105.05, which represents a drop of 3.62%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 3.53%, and over the past month, it has decreased by 4.55%. Notably, there has been a significant drop in investor participation, with delivery volume falling by 79.24% compared to the 5-day average, which may further contribute to the stock's downward movement. The positive and negative factors dashboard is unavailable.Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.56% over the past week, Hariyana Ship's performance has been worse, indicating a relative weakness in the stock. The broader market context shows that while the Sensex has experienced a minor decline of 0.29% over the past month, Hariyana Ship has fared significantly worse with a 4.55% drop. This underperformance against the benchmark suggests that the stock is facing specific challenges that are not affecting the broader market to the same extent.
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