Why is HP Adhesives falling/rising?
As of 07-Aug, HP Adhesives Ltd's stock price is declining at 48.10, down 0.35%, and has fallen for three consecutive days with a total return of -2.77%. The stock is trading below all major moving averages and has underperformed the Sensex significantly over various time frames.
As of 07-Aug, HP Adhesives Ltd is experiencing a decline in its stock price, currently at 48.10, which reflects a decrease of 0.17 or 0.35%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total return of -2.77% during this period. Additionally, HP Adhesives is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased by 1.81% compared to the 5-day average, suggesting a reduction in 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, HP Adhesives has underperformed relative to the benchmark, the Sensex, over various time frames. Over the past week, the stock has declined by 1.92%, while the Sensex has only fallen by 0.69%. In the last month, HP Adhesives' return of -5.13% contrasts with the Sensex's decline of 3.38%. Year-to-date, the stock has plummeted by 41.22%, while the Sensex has gained 3.18%. This significant underperformance over both short and long-term periods highlights the challenges faced by HP Adhesives in comparison to the overall market.
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