Why is Mafia Trends falling/rising?
As of 17-Sep, Mafia Trends Ltd is facing a decline in stock price, currently at Rs. 12.00, with a year-to-date drop of 46.09% and a recent 52-week low of Rs. 11.02. The stock has underperformed significantly compared to the Sensex, indicating negative investor sentiment.
As of 17-Sep, Mafia Trends Ltd is experiencing a decline in its stock price, currently at Rs. 12.00, which reflects a decrease of Rs. 0.01 or 0.08%. The stock has recently hit a new 52-week low of Rs. 11.02 and has underperformed its sector by 1.09%. Over the past two days, the stock has seen a consecutive fall, resulting in a total decline of 9.77%. Additionally, the stock has shown poor performance over various periods, with a year-to-date drop of 46.09% and a one-month decline of 13.11%. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. While there has been a notable increase in delivery volume, rising by 263.64% against the five-day average, the overall sentiment remains negative, and no positive factors are reported.In the broader market context, Mafia Trends Ltd's performance has been significantly weaker compared to the Sensex, which has gained 1.56% over the past week and 2.60% over the past month. The stark contrast in returns highlights the stock's struggles, particularly as it has underperformed the benchmark by a considerable margin. The year-to-date performance further emphasizes this disparity, with Mafia Trends down 46.09% while the Sensex has increased by 5.83%. This underperformance relative to the market suggests that investor sentiment towards Mafia Trends is currently unfavorable, contributing to the stock's decline.
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