Why is Kahan Packaging falling/rising?

Jun 06 2025 03:05 PM IST
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As of 05-Jun, Kahan Packaging Ltd's stock price remains unchanged at 70.00, underperforming its sector by 1.56% today and declining 9.33% over the past month. The stock has seen erratic trading and a significant drop in investor participation, contributing to its overall poor performance compared to the benchmark.
As of 05-Jun, Kahan Packaging Ltd's stock price is flat at 70.00, with no change (0.00%). The stock has underperformed its sector today by 1.56%, and it has not shown any price movement since opening at 70. The stock's performance over the past week is down by 1.41%, and it has seen a significant decline of 9.33% over the past month. Additionally, the stock has experienced erratic trading, not trading on 4 out of the last 20 days, and there has been a notable decrease in investor participation, with delivery volume falling by 58.33% compared to the 5-day average. The stock's moving averages indicate that it is currently higher than the 5-day, 20-day, and 50-day averages but lower than the 100-day and 200-day averages, suggesting a mixed performance trend. There is no information available regarding positive or negative factors impacting the stock.

Broader market context indicates that Kahan Packaging's recent performance has lagged behind the benchmark, with a year-to-date decline of 18.56% compared to the Sensex's gain of 4.23%. In the short term, the stock's performance over the past week is significantly worse than the benchmark's slight decline of 0.23%. This underperformance relative to the broader market may contribute to investor sentiment and confidence in the stock, further influencing its price stability and trading activity.
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