Why is Kabra Extrusion falling/rising?
As of 13-Nov, Kabra Extrusion Technik Ltd's stock price is Rs. 218.55, down 3.81%, and has reached a 52-week low. The stock has declined 11.28% over the last seven days and 60.41% year-to-date, significantly underperforming the Sensex, which has gained 8.11%.
As of 13-Nov, Kabra Extrusion Technik Ltd is experiencing a decline in its stock price, currently at Rs. 218.55, which represents a decrease of Rs. 8.65 or 3.81%. The stock has hit a new 52-week low of Rs. 216.6 today and has been on a downward trend, losing value for the last seven consecutive days, resulting in a total decline of 11.28% during this period. Additionally, the stock has underperformed its sector by 3.37%. Over the past week, it has seen a significant drop of 8.96%, and year-to-date, it has plummeted by 60.41%, contrasting sharply with the Sensex, which has gained 8.11% during the same timeframe. There is no information available regarding positive or negative factors affecting the stock.Broader Market Context: In comparison to the benchmark, Kabra Extrusion's short-term performance has been notably poor, with a 1-week return of -8.96% against the Sensex's gain of 1.40%. This underperformance highlights the stock's struggles in the current market environment, where it has consistently lagged behind broader market trends. The falling investor participation, indicated by a 46.65% drop in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's declining price.
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