Why is Integra Engg. falling/rising?
As of 16-Sep, Integra Engineering India Ltd is priced at Rs 244.80, down 1.69%, and has underperformed its sector today. Despite short-term challenges, the stock has shown positive trends over the past week and month, and has significantly outperformed the benchmark over three years.
As of 16-Sep, Integra Engineering India Ltd is currently priced at Rs 244.80, reflecting a decrease of Rs 4.2 or 1.69%. The stock has underperformed its sector today by 2.73%, having touched an intraday low of Rs 243.05. Despite this decline, the stock has shown positive trends over the past week and month, with returns of 3.75% and 3.53%, respectively. Additionally, Integra is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. Notably, there has been a significant increase in investor participation, with delivery volume rising by 237.16% against the 5-day average, suggesting heightened interest despite the current price drop. There are no specific positive or negative factors provided that could further clarify the recent price movement.Broader market context indicates that while Integra's short-term performance has been positive, it has lagged behind the benchmark Sensex, which has returned 1.58% over the past week and 2.21% over the past month. Year-to-date, Integra has gained 2.38%, but this is less than the Sensex's 5.43% increase, highlighting a relative underperformance. Over the longer term, however, the stock has significantly outperformed the benchmark, with a remarkable 288.57% increase over three years compared to the Sensex's 40.01%. This broader context suggests that while Integra is facing short-term challenges, its long-term trajectory remains strong relative to the market.
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