Why is KPI Green Energy falling/rising?
As of 07-Aug, KPI Green Energy Ltd's stock price is 513.00, down 3.47% after three consecutive days of decline. Despite being above longer-term moving averages, it has underperformed against the Sensex year-to-date and shows mixed investor interest.
As of 07-Aug, KPI Green Energy Ltd's stock price is currently at 513.00, reflecting a decrease of 18.45, or 3.47%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.9% during this period. Today's trading saw the stock touch an intraday low of Rs 508.9, indicating a significant drop of 4.24%. Despite the stock being higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 134.29% against the 5-day average, suggesting some interest despite the recent price decline. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, KPI Green Energy's short-term performance shows a slight decline of 0.19% over the past week, which is better than the benchmark Sensex's drop of 0.69%. However, over the last month, the stock has only marginally outperformed the Sensex, with a gain of 0.11% compared to the benchmark's loss of 3.38%. Year-to-date, KPI Green Energy has underperformed significantly, with a decline of 4.72% against the Sensex's gain of 3.18%. This underperformance in both short-term and long-term metrics indicates a challenging environment for the stock, contributing to its recent price decline.
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