Why is Hawa Engineers falling/rising?
As of 17-Oct, Hawa Engineers Ltd's stock price is Rs 115.00, down 3.12%, and has underperformed its sector and the Sensex significantly, with a year-to-date decline of 48.89%. Despite a recent increase in delivery volume, the stock remains in a bearish trend, trading below all moving averages.
As of 17-Oct, Hawa Engineers Ltd is experiencing a decline in its stock price, currently at Rs 115.00, which reflects a decrease of Rs 3.7 or 3.12%. The stock has underperformed its sector by 2.62% today and has been on a downward trend for the last two days, accumulating a total loss of 4.05%. Additionally, the stock has touched an intraday low of Rs 107.65, marking a significant drop of 9.31%. Over the past week, the stock has decreased by 2.04%, and its year-to-date performance shows a staggering decline of 48.89%. The stock is currently trading below all its moving averages, indicating a bearish trend. There is a slight positive note with a rise in delivery volume, which increased by 41.59% against the 5-day average, suggesting some investor interest despite the overall negative performance.In the broader market context, Hawa Engineers' recent performance contrasts sharply with the Sensex, which has gained 1.76% over the past week. This divergence highlights the stock's struggles, as it has significantly underperformed the benchmark index not only in the short term but also over the past month and year. The year-to-date return of Hawa Engineers is notably negative at -48.89%, while the Sensex has shown a positive return of 7.44% in the same period. This stark contrast in performance indicates that while the broader market is experiencing gains, Hawa Engineers is facing challenges that are contributing to its declining stock price.
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