Why is Latteys Industri falling/rising?
As of 18-Sep, Latteys Industries Ltd's stock price is 20.68, down 1.71%, and has underperformed its sector and the broader market. Despite a recent increase in delivery volume, the stock has declined 35.60% year-to-date, contrasting with the Sensex's 7.52% gain.
As of 18-Sep, Latteys Industries Ltd is experiencing a decline in its stock price, currently at 20.68, reflecting a decrease of 0.36 or 1.71%. The stock has underperformed its sector today by 1.78%, and while it is higher than the 20-day moving average, it is lower than the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.62%, despite a positive return of 8.05% over the last month. The delivery volume has increased by 18.31% against the 5-day average, indicating rising investor participation, but there is no available information on positive or negative factors affecting the stock.Broader Market Context: In comparison to the benchmark, the Sensex has increased by 1.67% over the past week, highlighting that Latteys Industries is lagging behind the broader market. Year-to-date, the stock has significantly underperformed, with a decline of 35.60%, while the Sensex has gained 7.52%. This stark contrast suggests that external market conditions are favoring the benchmark, contributing to the stock's downward movement.
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