Why is KRN Heat Exchan falling/rising?
As of 08-Aug, KRN Heat Exchanger and Refrigeration Ltd's stock price is Rs 859.60, down 2.73%, but it remains above key moving averages, indicating a positive long-term trend. Despite a recent decline, the stock has outperformed the benchmark year-to-date with a return of 22.56%.
As of 08-Aug, KRN Heat Exchanger and Refrigeration Ltd is experiencing a decline in its stock price, currently at Rs 859.60, which reflects a decrease of Rs 24.1 or 2.73%. The stock has underperformed its sector by 1.34% today, having touched an intraday low of Rs 849.25, marking a drop of 3.9%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer timeframe. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 83.74% compared to the 5-day average. However, there is no information available regarding specific positive or negative factors affecting the stock.In terms of broader market context, KRN Heat Exchanger has shown a positive return of 4.38% over the past week, while the benchmark Sensex has decreased by 0.92% during the same period. Over the last month, the stock has underperformed with a return of -8.28%, compared to the Sensex's -4.60%. Year-to-date, KRN Heat Exchanger has outperformed the benchmark with a return of 22.56% against the Sensex's 2.20%. This indicates that while the stock is currently facing a decline, it has had a strong performance relative to the market over the longer term.
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