Why is Madhav Marbles falling/rising?
As of 08-Oct, Madhav Marbles and Granites Ltd's stock price is Rs 41.75, down 2.93%, and has underperformed significantly with a 27.77% year-to-date decline compared to the Sensex's 4.65% increase. The stock is trading below all moving averages, indicating a bearish trend and decreased investor interest.
As of 08-Oct, Madhav Marbles and Granites Ltd is experiencing a decline in its stock price, currently at Rs 41.75, which reflects a decrease of 1.26 or 2.93%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.31%. Additionally, it has underperformed its sector by 3.01% today. The stock is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 51.02% compared to the 5-day average, suggesting a lack of interest among investors.In the broader market context, Madhav Marbles has seen a negative return of 8.04% over the past month, while the benchmark Sensex has gained 1.22% during the same period. Year-to-date, the stock has declined by 27.77%, contrasting sharply with the Sensex's increase of 4.65%. This stark difference highlights the stock's struggles relative to the overall market performance, contributing to its recent price decline.
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