Why is Indag Rubber falling/rising?
As of 18-Sep, Indag Rubber Ltd's stock price is Rs 122.95, down 1.09%, with significant declines over the past year and month. Despite underperformance, investor interest has increased, as indicated by a 258.06% rise in delivery volume compared to the 5-day average.
As of 18-Sep, Indag Rubber Ltd's stock price is currently at Rs 122.95, reflecting a decrease of Rs 1.35 or 1.09%. The stock has underperformed its sector today by 0.51%, with an intraday low of Rs 121.15, marking a decline of 2.53%. Over the past week, the stock has shown a slight decline of 0.04%, and its performance over the last month has been more significant, with a drop of 4.69%. Year-to-date, the stock has decreased by 30.28%, and over the past year, it has fallen by 46.54%. Despite these declines, there has been a notable increase in investor participation, with delivery volume rising by 258.06% against the 5-day average, indicating some interest in the stock despite its recent poor performance. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the Sensex has performed significantly better than Indag Rubber, gaining 1.80% over the past week and 2.14% over the last month. While the stock has struggled, the benchmark index has shown resilience, with a year-to-date increase of 6.24%. This stark contrast highlights the challenges faced by Indag Rubber in attracting investor confidence compared to the overall market performance. The stock's moving averages indicate that it is currently above its 5-day average but below its longer-term averages, suggesting a potential struggle to maintain upward momentum in the face of broader market gains.
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