Why is Maan Aluminium falling/rising?
As of 05-Aug, Maan Aluminium Ltd's stock is priced at 116.45, down 2.92%, and has underperformed with declines over the past week, month, and year. The stock is trading below several moving averages and has seen a significant drop in investor participation, indicating reduced interest and contributing to its downward trend.
As of 05-Aug, Maan Aluminium Ltd's stock is currently priced at 116.45, reflecting a decline of 3.5 points or 2.92%. The stock has been underperforming, having lost 2.96% over the last two days and opening with a loss of 2.46% today. It reached an intraday low of Rs 115, marking a decrease of 4.13%. Additionally, the stock's performance over the past week and month shows declines of 3.00% and 5.25%, respectively, while year-to-date returns are down 7.76%. Notably, the stock is trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 85.32% compared to the 5-day average, indicating reduced interest in the stock.In the broader market context, Maan Aluminium's recent performance contrasts with the Sensex, which has seen a decline of only 0.77% over the past week and 3.26% over the past month. This underperformance suggests that the stock is not only struggling relative to its historical performance but also lagging behind the broader market trends. The lack of available positive or negative factors further complicates the analysis, as it leaves a gap in understanding the specific catalysts behind the stock's decline. Overall, the combination of falling investor participation and the stock's inability to keep pace with both its historical returns and the benchmark index contributes to its current downward trajectory.
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