Why is Indag Rubber falling/rising?
As of 13-Nov, Indag Rubber Ltd's stock price is 125.70, down 1.06%. The stock has significantly underperformed over the past year, declining 30.97%, while the Sensex has risen 8.74%, indicating liquidity issues and falling investor participation.
As of 13-Nov, Indag Rubber Ltd's stock price is currently at 125.70, reflecting a decrease of 1.35, or 1.06%. The stock has been underperforming, having lost 5.42% over the last three days and showing a significant drop in delivery volume, which fell by 90.32% against the five-day average. Although the stock opened with a gain of 3.11% today and reached an intraday high of Rs 131, it has not been able to maintain this momentum. Over the past year, the stock has declined by 30.97%, contrasting sharply with the Sensex, which has gained 8.74% during the same period.In the broader market context, the stock's short-term performance over the past week shows a modest gain of 0.36%, but this is significantly lower than the Sensex's increase of 1.40%. The year-to-date performance is particularly concerning, with Indag Rubber down 28.72% compared to the Sensex's rise of 8.11%. This underperformance indicates that while the broader market is experiencing growth, Indag Rubber is struggling, likely due to falling investor participation and liquidity issues, which are contributing to its recent price decline.
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