Why is Ken Enter. falling/rising?
As of 07-Jul, Ken Enterprises Ltd's stock price is declining at 38.30, down 2.79%, and underperforming its sector and the broader market. The stock has shown negative returns over the past week and month, with significantly decreased delivery volume indicating reduced investor interest.
As of 07-Jul, Ken Enterprises Ltd is experiencing a decline in its stock price, currently at 38.30, which reflects a decrease of 1.1 or 2.79%. The stock has underperformed its sector by 2.13% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has significantly decreased, with a 37.5% drop compared to the 5-day average, indicating falling investor participation. The stock has also shown a negative return of 2.79% over the past week and a more substantial decline of 8.81% over the past month, while no data is available for year-to-date or yearly performance.In the broader market context, the benchmark Sensex has only declined by 0.22% over the past week and has gained 1.83% over the past month, suggesting that Ken Enterprises Ltd is underperforming relative to the market. This disparity highlights the stock's weakness in comparison to the overall market performance. The lack of positive factors in the dashboard further emphasizes the challenges the company is facing, contributing to the downward pressure on its stock price.
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