Why is Hariyana Ship falling/rising?
As of 15-Sep, Hariyana Ship Breakers Ltd's stock price is Rs 114.75, down 3.85% today and underperforming its sector. Despite a slight weekly increase, it has a year-to-date decline of 9.40%, with decreased delivery volume indicating reduced investor interest.
As of 15-Sep, Hariyana Ship Breakers Ltd is experiencing a decline in its stock price, currently at Rs 114.75, which reflects a decrease of Rs 4.6 or 3.85%. The stock has underperformed its sector by 4.21% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 114, indicating a significant drop of 4.48%. Additionally, the stock's performance over the past week shows a modest increase of 1.77%, but it has a year-to-date decline of 9.40%. The delivery volume has also decreased by 22.33% compared to the 5-day average, suggesting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.24% over the past week, Hariyana Ship Breakers Ltd's short-term performance is relatively weaker. While the stock has shown some resilience with a 2.09% increase over the past month, it still lags behind the Sensex's 1.47% gain in the same period. The broader market context indicates that despite some positive trends in the short term, the stock's overall year-to-date and one-year performance remains significantly negative, contributing to the current downward pressure on its price.
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