Why is Jakharia Fabric falling/rising?
As of 15-Sep, Jakharia Fabric Ltd's stock price is flat at Rs. 117.65, having recently reached a 52-week high of Rs. 123.4, with a notable 21.16% increase over the past week. Despite strong short-term performance, the stock has underperformed against its sector today and over longer periods.
As of 15-Sep, Jakharia Fabric Ltd's stock price is currently flat at Rs. 117.65, with no change in percentage terms. The stock has recently hit a new 52-week high of Rs. 123.4, indicating strong upward momentum. Over the past week, the stock has increased by 21.16%, and over the past month, it has risen by 33.54%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. There has also been a significant increase in investor participation, with delivery volume rising by 233.33% compared to the 5-day average. However, it is noted that the stock underperformed its sector by 0.3% today, and there is no information available regarding positive or negative factors that could influence its recent movement.In the broader market context, Jakharia Fabric's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.20% over the past week and 1.78% over the past month. Year-to-date, Jakharia Fabric has shown an impressive return of 153.56%, compared to the Sensex's 6.02%. However, over the longer term, the stock has underperformed the benchmark over 3-year and 5-year periods, with declines of 21.04% and 25.06%, respectively. This contrast between short-term gains and longer-term underperformance may reflect a volatile market sentiment surrounding the stock.
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