Why is Hind Aluminium falling/rising?
As of 14-Nov, Hind Aluminium Industries Ltd's stock price is Rs. 62.00, down 4.13%, and has reached a 52-week low of Rs. 57.25. The stock has consistently declined over the past week and month, underperforming the benchmark Sensex significantly, indicating a bearish trend and reduced investor interest.
As of 14-Nov, Hind Aluminium Industries Ltd is experiencing a decline in its stock price, currently at Rs. 62.00, which reflects a decrease of Rs. 2.67 or 4.13%. The stock has hit a new 52-week low of Rs. 57.25 today and has underperformed its sector by 2.85%. Over the past three days, the stock has consistently fallen, resulting in a total decline of 5.66%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock has shown high volatility today, with an intraday range of Rs. 9.25, and delivery volume has decreased significantly by 22.63% compared to the five-day average, suggesting falling investor participation.In the broader market context, Hind Aluminium's performance over the past week has been negative, with a return of -2.82%, while the benchmark Sensex has gained 1.62%. Over the past month, the stock has declined by 5.10%, contrasting with the Sensex's increase of 3.09%. Year-to-date, Hind Aluminium has underperformed the benchmark significantly, with a decline of 15.88% compared to the Sensex's gain of 8.22%. This underperformance relative to the market indicates a challenging environment for the stock, compounded by its recent price movements and declining investor interest.
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