Why is Jakharia Fabric falling/rising?
As of 15-Oct, Jakharia Fabric Ltd's stock price has dropped to 60.00, reflecting a 65.44% decline and significant underperformance compared to its sector and the benchmark Sensex. Despite a recent increase in investor participation, the overall sentiment remains negative, with the stock trading below all major moving averages.
As of 15-Oct, Jakharia Fabric Ltd is experiencing a significant decline in its stock price, currently at 60.00, which reflects a decrease of 113.6 points or 65.44%. The stock has underperformed its sector by 66.42% today and has consistently fallen over the past eight weeks, with a total decline of 65.44% during this period. Additionally, it has shown a monthly decline of 49% over the last six weeks. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 100% against the 5-day average, the overall sentiment remains negative, and no specific positive or negative factors are available to explain the recent movements.In the broader market context, Jakharia Fabric's performance has been starkly contrasted with the benchmark Sensex, which has shown a slight increase of 1.11% over the past week. The stock's year-to-date return of 29.31% is overshadowed by its recent poor performance, particularly in the short term, where it has significantly lagged behind the benchmark. Over the last three years, while the Sensex has gained 47.35%, Jakharia Fabric has declined by 40%, further highlighting its underperformance relative to the market.
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