Why is Jai Mata Glass falling/rising?
As of 15-Sep, Jai Mata Glass Ltd's stock price is declining at 2.30, down 4.96%, and has underperformed its sector and the overall market significantly. Year-to-date, it has decreased by 24.34%, despite a strong five-year return of 1110.53%.
As of 15-Sep, Jai Mata Glass Ltd is experiencing a decline in its stock price, currently at 2.30, which reflects a decrease of 0.12 or 4.96%. The stock has underperformed its sector by 9.25% today and has fallen after two consecutive days of gains. In terms of returns, the stock has shown a significant decline of 24.34% year-to-date and 26.28% over the past year, while it has outperformed the benchmark over a five-year period with a return of 1110.53%. The stock's moving averages indicate that it is currently higher than the 50-day and 100-day averages but lower than the 5-day, 20-day, and 200-day averages, suggesting a mixed trend in its recent performance.In the broader market context, the Sensex has gained 1.24% over the past week and 1.47% over the past month, contrasting sharply with Jai Mata Glass's declines of 6.88% and 8.73% during the same periods. This indicates that the stock is not only underperforming its sector but also lagging behind the overall market. Despite a rise in investor participation, with delivery volume increasing by 15.96% against the five-day average, the stock's liquidity remains adequate for trading. The positive movement in the glass sector, which has gained 4.23%, further highlights the challenges faced by Jai Mata Glass Ltd in capitalizing on favorable market conditions.
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