Why is Krishna Defence falling/rising?
As of 23-Sep, Krishna Defence & Allied Industries Ltd is seeing a price increase to 835.40, up 1.96%, and has outperformed its sector and the Sensex over various time frames. The stock is trading above most moving averages, with increased investor participation and a year-to-date gain of 7.01%.
As of 23-Sep, Krishna Defence & Allied Industries Ltd is experiencing a price increase, with the current price at 835.40, reflecting a rise of 16.05 or 1.96%. The stock has shown strong performance today, outperforming its sector by 2.45%. It is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it is below the 100-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 89.14% compared to the 5-day average. Over the past week, the stock has gained 2.30%, and it has outperformed the benchmark Sensex, which has declined by 0.28%.In the broader market context, while the Sensex has shown a modest gain of 1.20% over the past month, Krishna Defence has outperformed with a 4.66% increase in the same period. Year-to-date, the stock has risen by 7.01%, compared to the Sensex's 6.45%. Over the past year, Krishna Defence has significantly outperformed the benchmark, with a return of 16.03% against the Sensex's decline of 2.97%. This strong performance relative to the market may contribute to positive investor sentiment, further driving the stock's price upward.
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