Why is ICE Make Refrig. falling/rising?

Aug 08 2025 10:54 PM IST
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As of 08-Aug, ICE Make Refrigeration Ltd's stock price is 730.25, down 6.44%, underperforming its sector and major benchmarks. Despite a significant increase in delivery volume, the stock has seen a 6.81% decline over the past week and a 7.39% drop over the past month, indicating negative investor sentiment.
As of 08-Aug, ICE Make Refrigeration Ltd is experiencing a decline in its stock price, currently at 730.25, which reflects a decrease of 50.3 or 6.44%. The stock has underperformed its sector by 4.67% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 6.81%, and over the past month, it has decreased by 7.39%. However, there has been a notable increase in investor participation, with delivery volume rising by 330.64% compared to the 5-day average, indicating some interest despite the price drop. 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, ICE Make Refrigeration Ltd's short-term performance has been significantly worse than the benchmark, with a 1-week decline of 6.81% compared to the Sensex's drop of only 0.82%. This underperformance is further highlighted by the stock's year-to-date return of -2.33%, while the Sensex has gained 3.04% in the same period. The stark contrast between the stock's performance and that of the benchmark suggests that investor sentiment may be more negative towards ICE Make Refrigeration Ltd, contributing to its current price decline.
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