Why is Leo Dryfruits falling/rising?
As of 22-Aug, Leo Dryfruits & Spices Trading Ltd's stock price is declining at 77.00, down 1.91%, and has underperformed its sector. The stock has seen a significant drop in investor participation, indicating reduced interest, while the broader market is experiencing gains.
As of 22-Aug, Leo Dryfruits & Spices Trading Ltd is experiencing a decline in its stock price, currently at 77.00, which reflects a decrease of 1.5 or 1.91%. The stock has underperformed its sector by 1.25% today and has been on a consecutive fall for the last two days, resulting in a total decline of 3.63% during this period. Additionally, the stock's performance over the past week shows a decrease of 3.75%, while it has gained 2.67% over the past month. The stock is currently trading above its 20-day, 100-day, and 200-day moving averages but below its 5-day and 50-day moving averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by 90.57% against the 5-day average, indicating reduced interest from investors.In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting with Leo Dryfruits' negative performance. This suggests that while the overall market is experiencing gains, Leo Dryfruits is lagging behind. The stock's liquidity appears adequate for trading, as it represents 2% of the 5-day average traded value. However, the lack of available positive or negative dashboard data limits the understanding of specific factors influencing the stock's recent movement. Overall, the combination of declining investor participation and underperformance relative to the benchmark contributes to the stock's current downward trend.
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