Why is Mach Conferences falling/rising?
As of 17-Sep, Mach Conferences & Events Ltd is facing a decline in its stock price, currently at Rs. 118.00, with a 52-week low of Rs. 114.65. The stock has underperformed significantly, with a year-to-date decline of 49.16%, contrasting sharply with the overall market's positive performance.
As of 17-Sep, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs. 118.00, which reflects a decrease of Rs. 2.95 or 2.44%. The stock has hit a new 52-week low of Rs. 114.65 today, marking a significant drop of 5.21% at its intraday low. Over the past week, the stock has underperformed, showing a return of -4.10%, and it has fallen 9.58% over the last month. Additionally, the stock has been on a consecutive downward trend for the last two days, with a total decline of 3.04%. The trading volume has also decreased, with delivery volume dropping by 34.07% compared to the five-day average, indicating a lack of investor interest. Unfortunately, there is no information available regarding positive or negative factors that could be influencing the stock's recent performance.In the broader market context, the Sensex has shown a positive return of 1.56% over the past week, contrasting sharply with Mach Conferences' decline. This suggests that while the overall market is experiencing growth, Mach Conferences is struggling significantly, with a year-to-date decline of 49.16% compared to the Sensex's increase of 5.83%. The stock's performance is also lagging behind the benchmark over the past year, with a drop of 55.47% against the Sensex's slight decline of 0.46%. This stark difference highlights the challenges faced by Mach Conferences in attracting investor confidence and maintaining its stock price amidst a generally favorable market environment.
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