Why is Kisaan Parivar falling/rising?
As of 23-Jun, Kisaan Parivar Industries Ltd's stock price is Rs 27.29, down 4.38%, with a significant year-to-date decline of 53.59%. The stock is underperforming its sector and trading below all key moving averages, reflecting negative market sentiment and decreased investor participation.
As of 23-Jun, Kisaan Parivar Industries Ltd is experiencing a decline in its stock price, currently at Rs 27.29, which reflects a decrease of Rs 1.25 or 4.38%. Today's price summary indicates that the stock opened with a gain of 2% but subsequently fell to an intraday low of Rs 27.12, marking a significant drop of 4.98%. The stock has underperformed its sector by 1.71% today, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has shown a substantial year-to-date decline of 53.59%, while the sector benchmark, Sensex, has gained 4.81% during the same period. There is also a notable decrease in investor participation, with delivery volume dropping by 68.98% against the 5-day average.Broader Market Context: In the short term, Kisaan Parivar's performance has been significantly weaker than the benchmark, with a 1-week return of -3.60% compared to Sensex's slight gain of 0.12%. This underperformance is compounded by a broader sector decline of 2.72% in solvent extraction, indicating a challenging environment for the company. The liquidity of the stock remains adequate for trading, but the overall market sentiment appears to be negative, contributing to the downward pressure on Kisaan Parivar's stock price.
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