Why is Jay Kailash falling/rising?
As of 26-Sep, Jay Kailash Namkeen Ltd's stock price has declined to Rs. 44.00, down 7.17%, hitting a new 52-week low. The stock has underperformed significantly, with a year-to-date decline of 30.49%, contrasting sharply with the Sensex's positive performance.
As of 26-Sep, Jay Kailash Namkeen Ltd is experiencing a decline in its stock price, currently at Rs. 44.00, which represents a decrease of Rs. 3.4 or 7.17%. The stock has underperformed significantly today, hitting a new 52-week low of Rs. 43.59 and opening with a loss of 5.04%. Over the past week, the stock has dropped by 4.43%, and its year-to-date performance shows a substantial decline of 30.49%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, there has been a drastic fall in investor participation, with a delivery volume of 0 on September 24, marking a 100% decrease compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could provide further context for this decline.In the broader market context, the stock's performance has been notably worse than the benchmark index, the Sensex, which has only declined by 2.66% over the past week. This stark contrast highlights the stock's significant underperformance, especially given its year-to-date decline of 30.49% compared to the Sensex's increase of 2.93%. The overall market sentiment appears to be more favorable than that of Jay Kailash Namkeen Ltd, further exacerbating the stock's downward trajectory.
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