Why is Kamdhenu Venture falling/rising?
As of 18-Sep, Kamdhenu Ventures Ltd is priced at 9.20, down 0.65%, and has underperformed significantly with a year-to-date decline of 49.73%, contrasting sharply with the positive performance of the broader market. The stock is trading below all major moving averages and has seen a notable drop in investor participation.
As of 18-Sep, Kamdhenu Ventures Ltd is currently priced at 9.20, reflecting a decrease of 0.06, or 0.65%. The stock has been underperforming, having lost 2.02% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 23.45% compared to the 5-day average. The stock's performance over the past week, month, and year has also been poor, with returns of -0.11%, -3.56%, and -83.06%, respectively, indicating a significant downtrend.In the broader market context, the Sensex has shown positive movement, gaining 1.80% over the past week and 2.14% over the past month, contrasting sharply with Kamdhenu Ventures' negative returns. This divergence suggests that while the overall market is experiencing growth, Kamdhenu Ventures is struggling significantly, as evidenced by its year-to-date decline of 49.73% against the Sensex's 6.24% increase. The lack of available positive factors further emphasizes the challenges facing the company, contributing to its recent price decline.
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