Why is Krishanveer Forg falling/rising?
As of 15-Sep, Krishanveer Forge Ltd's stock price is Rs 135.00, down 3.43%, and has underperformed recently, losing 3.54% over two days and 4.66% over the past year, despite a year-to-date gain of 29.81%. The stock's decline is attributed to decreased investor participation and broader market trends, as it lags behind the Sensex's recent performance.
As of 15-Sep, Krishanveer Forge Ltd's stock price is currently at Rs 135.00, reflecting a decline of Rs 4.8 or 3.43%. The stock has been underperforming, having lost 3.54% over the last two days and is currently lower than its 5-day and 20-day moving averages, despite being above the 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 29.76% compared to the 5-day average. Over the past year, the stock has decreased by 4.66%, contrasting with a year-to-date gain of 29.81%, indicating a recent downturn despite longer-term growth.In the broader market context, the stock has underperformed against the Sensex, which has gained 1.24% over the past week while Krishanveer Forge Ltd has declined by 2.88%. This short-term underperformance may reflect broader market trends or sector-specific issues, as the stock has also fallen behind the benchmark in the short term. The overall market sentiment appears to be more favorable than that of Krishanveer Forge Ltd, contributing to its recent price decline.
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