Why is Kirl. Electric falling/rising?
As of 23-Sep, Kirloskar Electric Company Ltd's stock price is at 121.85, down 0.04%, and underperforming compared to the Sensex. Despite increased investor participation, the stock has declined 30.39% year-to-date and 38.51% over the past year.
As of 23-Sep, Kirloskar Electric Company Ltd is experiencing a slight decline in its stock price, currently at 121.85, reflecting a decrease of 0.05 or 0.04%. The stock's performance today is reported as inline with the sector, and while it is higher than the 5-day and 20-day moving averages, it remains lower than the 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with a delivery volume of 1.76 lacs on 22 September, which is up by 129.81% compared to the 5-day average. In terms of returns, the stock has seen a decline of 30.39% year-to-date and 38.51% over the past year, contrasting sharply with the Sensex, which has gained 5.07% and lost only 3.33% respectively in the same periods.In the broader market context, the stock's short-term return of -1.02% over the past week is underperforming compared to the Sensex, which has decreased by only 0.34%. This suggests that while the overall market is facing slight declines, Kirloskar Electric is lagging behind. The liquidity of the stock is adequate, as it represents 2% of the 5-day average traded value, indicating it is liquid enough for trades of Rs 0.04 crore. However, the absence of specific positive or negative factors in the dashboard limits the understanding of the underlying reasons for the stock's recent movement.
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