Why is HP Adhesives falling/rising?
As of 17-Nov, HP Adhesives Ltd's stock price is at 46.72, down 1.83%, and has underperformed significantly with a 39.58% decline over the past year, contrasting with the Sensex's 9.50% gain. The stock is trading below all major moving averages and has seen a 37.46% drop in delivery volume, indicating reduced investor interest.
As of 17-Nov, HP Adhesives Ltd is experiencing a decline in its stock price, currently at 46.72, which reflects a decrease of 0.87 or 1.83%. The stock has been underperforming, having lost 6.03% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's delivery volume has decreased significantly, falling by 37.46% compared to the 5-day average, indicating a drop in investor participation. Over the past year, the stock has seen a substantial decline of 39.58%, contrasting sharply with the Sensex's gain of 9.50% during the same period.In the broader market context, HP Adhesives' short-term performance has been notably poor, with a 7.26% decline over the past week, while the Sensex has increased by 1.69%. This stark contrast highlights the stock's struggles relative to the benchmark index. The overall market sentiment appears to favor other stocks, as evidenced by the Sensex's positive returns, while HP Adhesives continues to face challenges, reflected in its significant year-to-date decline of 42.91% against the Sensex's gain of 8.72%.
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