Why is IEC Education falling/rising?
As of 24-October, IEC Education Ltd's stock price is at 36.21, down 1.98% after 11 consecutive days of decline totaling 22.26%. Despite positive long-term returns, recent performance has lagged behind the sector, with decreased delivery volume indicating reduced investor participation.
As of 24-October, IEC Education Ltd's stock price is currently at 36.21, reflecting a decrease of 0.73, or 1.98%. The stock has been on a downward trend, having fallen for the last 11 consecutive days, resulting in a total decline of 22.26% during this period. Although the stock has shown positive returns over the longer term, including a 9.00% increase over the past month and a remarkable 159.20% rise over the past year, its recent performance has underperformed the sector by 1.14%. Additionally, the delivery volume has decreased significantly, falling by 27.5% against the 5-day average, indicating reduced investor participation, which may contribute to the stock's decline.In the broader market context, while the Sensex has increased by 0.31% over the past week, IEC Education's stock has dropped by 7.70% in the same timeframe, highlighting a stark contrast in performance. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value, but the overall negative sentiment surrounding the stock, combined with its recent underperformance relative to the benchmark, suggests that investors are currently cautious.
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