Why is Jeyyam Global falling/rising?
As of 22-Sep, Jeyyam Global Foods Ltd's stock price is at 56.00, down 1.67%, underperforming its sector despite strong monthly returns of 53.01%. The stock's recent decline contrasts with the overall market trend, as the Sensex has risen by 0.53% in the same period.
As of 22-Sep, Jeyyam Global Foods Ltd is experiencing a decline in its stock price, currently at 56.00, which reflects a decrease of 0.95 or 1.67%. The stock has underperformed its sector by 1.47% today, despite being higher than its 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has seen a significant increase in investor participation, with a delivery volume of 74,000 on September 19, rising by 60.87% against the 5-day average. Over the past month, the stock has shown a strong performance with a return of 53.01%, although it has declined by 1.67% over the past week and 6.59% over the past year.In the broader market context, the Sensex has increased by 0.53% over the past week, indicating that Jeyyam Global's recent decline is not reflective of the overall market trend. While the stock has outperformed the benchmark on a monthly basis, its short-term performance contrasts with the positive movement of the Sensex. The year-to-date return for Jeyyam Global stands at 8.53%, which is better than the Sensex's 6.59%, yet the stock's recent underperformance may be attributed to market corrections or sector-specific challenges that are not detailed in the available data.
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