Why is Landmark Prop. falling/rising?
As of 13-Aug, Landmark Property Development Company Ltd is seeing a price increase to 7.72, but it remains below key moving averages and has experienced a significant decline in investor participation. The stock has underperformed the broader market significantly year-to-date, despite recent short-term gains.
As of 13-Aug, Landmark Property Development Company Ltd is experiencing a price increase, with its current price at 7.72, reflecting a change of 0.09 or 1.18% upward. The stock has shown a positive performance today, outperforming its sector by 1.12% and has gained consecutively over the last two days, accumulating a total return of 1.58%. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 56.36% compared to the 5-day average, which may suggest waning interest among investors.In the broader market context, the stock's performance over the past week shows a decline of 4.34%, contrasting with the Sensex, which has remained relatively flat with a change of -0.01%. Over the past month, Landmark's stock has decreased by 7.21%, while the Sensex has only fallen by 2.38%. Year-to-date, the stock is down 24.61%, significantly underperforming the Sensex, which has gained 3.07%. This stark difference in performance highlights the challenges faced by Landmark Property Development Company Ltd in the current market environment, despite its recent short-term gains.
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