Why is Hikal falling/rising?
As of 19-Nov, Hikal Ltd's stock price is at 228.00, down 0.44%, and has recently reached a 52-week low of Rs. 225. The stock has underperformed significantly against the Sensex, declining 41.50% year-to-date, while the benchmark has gained 9.02%.
As of 19-Nov, Hikal Ltd's stock price is currently at 228.00, reflecting a decrease of 1.0, or 0.44%. The stock has recently hit a new 52-week low of Rs. 225 and has been underperforming its sector by 0.51%. Over the past two days, the stock has experienced a consecutive decline, resulting in a total drop of 2.48%. Additionally, Hikal is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has significantly decreased, with a 50.66% drop compared to the 5-day average, indicating falling investor participation. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Hikal's performance over the past week shows a decline of 4.26%, while the benchmark Sensex has increased by 0.85%. This trend continues over the past month, where Hikal has fallen by 4.96% compared to a 1.47% rise in the Sensex. Year-to-date, Hikal's stock has plummeted by 41.50%, contrasting sharply with the Sensex's gain of 9.02%. This significant underperformance against the benchmark suggests that Hikal is facing challenges that are not affecting the broader market, contributing to its declining stock price.
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