Why is Kothari Ferment. falling/rising?
As of 18-Nov, Kothari Fermentation & Biochem Ltd's stock price is Rs 46.05, down 3.84%, and has underperformed its sector. The stock has declined 4.95% over the last three days and 38.60% year-to-date, contrasting sharply with the Sensex's 8.36% increase.
As of 18-Nov, Kothari Fermentation & Biochem Ltd is experiencing a decline in its stock price, currently at Rs 46.05, which reflects a decrease of Rs 1.84 or 3.84%. The stock has underperformed its sector by 3.42% today and has been on a downward trend, losing value for the last three days with a total decline of 4.95% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish sentiment. Over the past week, Kothari Fermentation has seen a return of -4.86%, and its year-to-date performance shows a significant drop of 38.60%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.96% over the past week, Kothari Fermentation's performance is notably weaker. The stock's year-to-date decline of 38.60% starkly contrasts with the Sensex's increase of 8.36%, highlighting a significant underperformance. This disparity suggests that while the broader market is experiencing growth, Kothari Fermentation is struggling, which may be contributing to the negative sentiment surrounding the stock.
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