Why is Hariyana Ship falling/rising?
As of 09-Sep, Hariyana Ship Breakers Ltd's stock price is Rs 114.85, up 1.86%, with a recent positive trend outperforming its sector and the Sensex in the short term. However, it remains below key moving averages and has declined significantly year-to-date and over the past year.
As of 09-Sep, Hariyana Ship Breakers Ltd's stock price is currently at Rs 114.85, reflecting an increase of Rs 2.1 or 1.86%. The stock has shown a positive performance today, outperforming its sector by 3.2%. It reached an intraday high of Rs 115, marking a 2% rise. The stock's recent performance over the past week shows a gain of 2.82%, while it has increased by 2.54% over the past month. Notably, the delivery volume on September 8 has surged by 98.12% compared to the 5-day average, indicating rising investor participation. However, the stock remains below its 50-day, 100-day, and 200-day moving averages, which suggests that while there is short-term momentum, it may still be facing longer-term challenges. There is no information available regarding positive or negative factors that could further clarify the stock's recent movement.Broader market context indicates that the stock has outperformed the Sensex in the short term, with a 1-week return of 2.82% compared to the benchmark's 1.18%. This trend of outperformance continues over the past month, where the stock's return of 2.54% also exceeds the Sensex's 1.56%. However, it is important to note that year-to-date, the stock has declined by 9.32%, contrasting with the Sensex's gain of 3.79%, and over the past year, it has decreased by 18.31% while the benchmark has remained relatively flat with a decline of only 0.56%. This suggests that while the stock is currently experiencing a positive short-term trend, it has faced significant challenges over a longer time frame.
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