Why is Hisar Spg. Mills falling/rising?
As of 24-Oct, Hisar Spinning Mills Ltd's stock price is Rs 50.00, down 4.94%, and has underperformed significantly, trading below all major moving averages and experiencing a drastic decline in delivery volume. The stock has decreased by 25.37% year-to-date, contrasting sharply with the Sensex's 7.77% rise, indicating challenges in attracting investor interest.
As of 24-Oct, Hisar Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 50.00, which reflects a decrease of Rs 2.6 or 4.94%. The stock has underperformed significantly today, opening with a loss of 4.94% and touching an intraday low of Rs 50. The stock has not traded on 4 out of the last 20 days, indicating erratic trading behavior. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also seen a drastic decline of 87.8% against the 5-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 4.94%, while the benchmark Sensex has increased by 0.31%. Over the past month, Hisar Spinning Mills has dropped by 13.42%, contrasting with the Sensex's gain of 3.05%. Year-to-date, the stock has decreased by 25.37%, while the Sensex has risen by 7.77%. This significant underperformance relative to the benchmark highlights the challenges faced by Hisar Spinning Mills in attracting investor interest and maintaining liquidity in the current market environment.
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