Why is M M Rubber falling/rising?
As of 12-Jun, M M Rubber Co Ltd's stock price is at 86.32, reflecting a 7.9% increase. The stock has shown strong recent performance, outperforming its sector and the Sensex in the short term, although it remains down 2.58% year-to-date.
As of 12-Jun, M M Rubber Co Ltd's stock price is currently at 86.32, reflecting an increase of 6.32, or 7.9%. The stock has been performing well recently, having outperformed its sector by 8.3% today and showing a consecutive gain over the last two days with a total return of 9.25%. It opened with a gain of 2.5% today and reached an intraday high of Rs 92.5, marking a 15.63% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 167.73% compared to the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into the specific drivers behind this price movement.Broader market context shows that M M Rubber has outperformed the Sensex in the short term, with a 1-week return of +9.88% compared to the Sensex's +0.31%. Over the past month, the stock has gained +11.96%, while the Sensex has declined by 0.90%. However, it is worth noting that the stock is down 2.58% year-to-date, contrasting with the Sensex's positive performance of +4.55%. This indicates that while M M Rubber is currently experiencing a positive momentum, its longer-term performance has been less favorable compared to the broader market.
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