Why is Hind.Natl.Glass falling/rising?
As of 02-Sep, Hindusthan National Glass & Industries Ltd's stock price is Rs. 8.88, down 4.93% and at a new 52-week low after 11 consecutive days of decline, totaling a 42.86% drop. The stock has significantly underperformed its sector and is trading below all key moving averages, indicating a bearish trend.
As of 02-Sep, Hindusthan National Glass & Industries Ltd is experiencing a decline in its stock price, currently at Rs. 8.88, which reflects a decrease of 0.46 or 4.93%. The stock has reached a new 52-week low today and has been on a downward trend, losing value for the last 11 consecutive days, resulting in a total decline of 42.86% during this period. Additionally, the stock has significantly underperformed its sector by 3.87%. Over the past week, the stock has dropped 18.38%, and it has seen a staggering 63.25% decline year-to-date, while the benchmark Sensex has gained 2.58% during the same timeframe. The stock is also trading below all key moving averages, indicating a bearish trend.In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has only fallen 0.78% over the past week and has shown positive growth year-to-date. Despite the stock's poor performance, there has been a notable increase in investor participation, with delivery volume rising by 130.38% compared to the five-day average, suggesting some interest from investors despite the ongoing decline. However, the lack of available positive factors in the dashboard indicates that there are no significant catalysts to reverse the current negative trend, contributing to the stock's continued fall.
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