Why is Landmark Prop. falling/rising?
As of 19-Nov, Landmark Property Development Company Ltd's stock price has declined to 7.11, down 5.2%, underperforming its sector and showing significant drops in investor participation. Despite a strong long-term performance, recent trends indicate a troubling short-term outlook for the company.
As of 19-Nov, Landmark Property Development Company Ltd is experiencing a decline in its stock price, currently at 7.11, which reflects a decrease of 0.39 or 5.2%. The stock has underperformed its sector by 4.54% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume on 18 November falling by 57.88% compared to the 5-day average. Over the past week, the stock has decreased by 6.45%, and year-to-date, it has fallen by 30.57%, indicating a troubling trend for investors.In the broader market context, the Sensex has shown resilience with a 0.85% increase over the past week and a 9.02% rise year-to-date, contrasting sharply with Landmark's performance. This divergence suggests that while the overall market is gaining, Landmark is struggling significantly. The stock's long-term performance has been more favorable, with a 315.79% increase over the past five years, but the recent short-term trends and declining investor interest are contributing to its current downward trajectory.
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