Why is Kundan Edifice falling/rising?
As of 14-Jul, Kundan Edifice Ltd's stock price is at 121.75, unchanged, with a year-to-date decline of 18.89%. Despite recent short-term resilience, the stock underperforms compared to the broader market and shows reduced investor interest.
As of 14-Jul, Kundan Edifice Ltd's stock price is currently at 121.75, showing no change (0.00%). The stock has outperformed its sector by 0.84% today, although it has experienced a significant decline of 18.89% year-to-date and 23.52% over the past year. Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains lower than the 200-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 80.77% compared to the 5-day average, indicating reduced interest in trading the stock. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Kundan Edifice's short-term return over the past week is +2.53%, which contrasts sharply with the Sensex's decline of 1.49% during the same period. This suggests that while the stock has shown some resilience in the short term, its longer-term performance remains weak compared to the benchmark, as evidenced by its year-to-date and yearly returns. The overall market has been performing better than Kundan Edifice, which has contributed to the stock's struggles despite its recent outperformance relative to its sector.
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