Why is Harri. Malayalam falling/rising?
As of 06-Nov, Harrisons Malayalam Ltd's stock price is Rs 187.95, down 3.17%, and has declined 7.6% over the last five days. The stock is underperforming significantly compared to the Sensex, with a year-to-date drop of 41.96%, indicating weak investor sentiment.
As of 06-Nov, Harrisons Malayalam Ltd is experiencing a decline in its stock price, currently at Rs 187.95, which reflects a decrease of Rs 6.15 or 3.17%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 7.6% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume, which rose by 120.4% against the 5-day average, the overall performance today has underperformed the sector by 4.82%. Year-to-date, the stock has seen a significant decline of 41.96%, contrasting sharply with the Sensex, which has gained 6.62%.In the broader market context, the stock's short-term performance has been notably worse than the benchmark index, with a 1-week return of -6.45% compared to the Sensex's -1.30%. This underperformance suggests that investor sentiment towards Harrisons Malayalam Ltd is weak relative to the overall market. The stock's long-term performance also shows a stark contrast, with a 1-year decline of 32.93% against the Sensex's modest gain of 3.65%. The combination of these factors indicates that while there may be some positive indicators, such as increased investor participation, the overall sentiment and recent price movements reflect a challenging environment for the stock.
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