Why is Haryana Leather falling/rising?
As of 07-Aug, Haryana Leather Chemicals Ltd is priced at 67.00, down 0.18%, with a short-term underperformance reflected in a 1-week return of -1.25% and a 1-month return of -5.05%. The stock is trading below all key moving averages, indicating a bearish trend, despite increased investor participation with an 83.76% rise in delivery volume.
As of 07-Aug, Haryana Leather Chemicals Ltd is currently priced at 67.00, reflecting a decrease of 0.12, or 0.18%. The stock has underperformed in the short term, with a 1-week return of -1.25% and a 1-month return of -5.05%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 83.76% against the 5-day average, suggesting some interest despite the overall decline. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Haryana Leather's performance has been weaker compared to the benchmark Sensex, which has seen a decline of only 0.69% over the same week. The stock's year-to-date performance is particularly concerning, with a drop of 22.13%, while the Sensex has gained 3.18% during the same period. This stark contrast highlights the challenges faced by Haryana Leather in the current market environment, as it struggles to keep pace with broader market trends.
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