Why is Hisar Spg. Mills falling/rising?
As of 08-Oct, Hisar Spinning Mills Ltd's stock price is Rs 58.22, down 4.99%, and has significantly underperformed its sector and the benchmark Sensex. The stock has seen a 91.53% drop in delivery volume and a year-to-date decline of 13.10%, indicating a challenging trading environment.
As of 08-Oct, Hisar Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 58.22, which reflects a decrease of 3.06 points or 4.99%. The stock has underperformed its sector by 4.57% today and opened with a loss of 4.99%. It has not shown any price range movement since opening, and the trading volume has significantly decreased, with a 91.53% drop in delivery volume compared to the 5-day average. Over the past week, the stock has fallen by 4.99%, while its year-to-date performance shows a decline of 13.10% and a one-year drop of 23.39%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.98% over the past week, Hisar Spinning Mills Ltd's performance has been notably weaker. While the stock has shown a positive return of 13.49% over the past month, its year-to-date and one-year returns are significantly lower than the Sensex's gains of 4.65% and 0.17%, respectively. This underperformance in both the short and long term indicates a challenging environment for the stock, especially given the erratic trading patterns and declining investor participation.
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