Why is Longview Tea falling/rising?
As of 06-Oct, Longview Tea Company Ltd's stock price has dropped to Rs. 19.70, marking a 37.56% decline and a new 52-week low. The stock is underperforming significantly compared to the market, with a year-to-date decrease of 60.12% and a drastic drop in investor participation.
As of 06-Oct, Longview Tea Company Ltd is experiencing a significant decline in its stock price, currently at Rs. 19.70, which represents a decrease of 11.85 or 37.56%. The stock has hit a new 52-week low today and has underperformed its sector by 37.33%. Additionally, the stock opened with a substantial gap down of 36.86% and reached an intraday low of Rs. 19.70. Longview Tea is trading below all its moving averages, indicating a bearish trend. Furthermore, there has been a drastic drop in investor participation, with delivery volume falling by 97.58% compared to the 5-day average. The stock has also shown a poor performance year-to-date, down 60.12%, and over the past year, it has decreased by 62.82%.In the broader market context, the Sensex has shown a positive return of 1.77% over the past week and 1.34% over the past month, contrasting sharply with Longview Tea's negative performance. While the benchmark has gained 4.67% year-to-date, Longview Tea's substantial decline highlights its struggles relative to the market. The stock's erratic trading pattern, with no trades on five out of the last twenty days, further emphasizes its volatility and lack of investor confidence, contributing to its downward trajectory.
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