Why is Krishna Defence falling/rising?
As of 25-Jul, Krishna Defence & Allied Industries Ltd's stock price is at 818.40, down 0.4%, with significant short-term underperformance and declining investor participation. Despite a positive year-to-date return of 4.84%, the stock has lagged behind the benchmark Sensex in the short term.
As of 25-Jul, Krishna Defence & Allied Industries Ltd is experiencing a decline in its stock price, currently at 818.40, which reflects a decrease of 3.25 points or 0.4%. The stock has underperformed in the short term, with a 1-week return of -3.79% and a 1-month return of -8.53%. Today's price summary indicates that while the stock outperformed its sector by 0.36%, it is currently trading below its 5-day, 20-day, and 50-day moving averages, despite being higher than the 100-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 41.6% compared to the 5-day average, which may contribute to the stock's downward movement. There is no information available regarding positive or negative factors that could further explain the stock's recent performance.Broader Market Context: In comparison to the benchmark, the Sensex has also shown a slight decline of 0.53% over the past week, indicating that the broader market is experiencing some weakness. However, Krishna Defence's performance has been notably worse than the benchmark in the short term, suggesting that specific issues related to the company may be influencing its stock price more significantly than the overall market trends. Year-to-date, the stock has a positive return of 4.84%, which is slightly below the Sensex's return of 5.04%, but its long-term performance over the past year and three years remains strong, with returns of 12.63% and 1366.67%, respectively.
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