Why is Jai Mata Glass falling/rising?
As of 16-Sep, Jai Mata Glass Ltd's stock price is declining at 2.20, down 4.35%, and has fallen 9.09% over the last two days. It is trading below all moving averages, indicating a bearish trend, with a year-to-date decline of 27.63%, contrasting sharply with the Sensex's positive performance.
As of 16-Sep, Jai Mata Glass Ltd is experiencing a decline in its stock price, currently at 2.20, which reflects a decrease of 0.1 or 4.35%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.09% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock has also seen a significant decrease in investor participation, with delivery volume dropping by 27.04% compared to the 5-day average. Over the past week, the stock has declined by 8.71%, and its year-to-date performance shows a substantial decrease of 27.63%.In the broader market context, the Sensex has shown a positive return of 1.58% over the past week, contrasting sharply with Jai Mata Glass's performance. This indicates that while the overall market is gaining, Jai Mata Glass is lagging significantly behind. The stock's year-to-date decline of 27.63% further highlights its struggles compared to the Sensex, which has increased by 5.43% during the same period. This underperformance relative to the benchmark suggests that investor sentiment towards Jai Mata Glass is weak, contributing to its falling stock price.
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