Why is Khyati Multimed. falling/rising?
As of 08-Aug, Khyati Multimedia Entertainment Ltd's stock price has risen to 3.57, up 9.85% today, but has declined 4.80% over the past week and 3.25% over the past month. Despite today's performance exceeding its sector, a significant drop in delivery volume and underperformance against the benchmark Sensex in the short term indicate potential challenges ahead.
As of 08-Aug, Khyati Multimedia Entertainment Ltd is experiencing a price increase, with its current price at 3.57, reflecting a change of 0.32 or 9.85% upward. Despite this positive movement today, the stock has shown a decline of 4.80% over the past week and 3.25% over the past month. The stock's performance today has outperformed its sector by 10.26%. However, it is important to note that the stock's delivery volume has significantly decreased by 90.96% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is currently above its 5-day moving average, it remains below its longer-term moving averages, which may suggest a lack of sustained momentum. Unfortunately, there is no available information regarding positive or negative factors impacting the stock.In the broader market context, Khyati Multimedia's recent performance contrasts with the benchmark Sensex, which has only declined by 0.92% over the past week. This indicates that while the stock has had a notable rise today, it has underperformed relative to the benchmark in the short term, with a year-to-date decline of 30.27% compared to the Sensex's gain of 2.20%. The stock's long-term performance, however, shows a significant increase of 218.75% over the past three years, suggesting that despite recent volatility, there have been periods of substantial growth.
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