Why is Magenta Life falling/rising?
As of 06-Oct, Magenta Lifecare Ltd's stock price is at 15.00, down 5.36%, and has significantly underperformed compared to its sector. The stock shows a bearish trend, trading below all major moving averages, with a year-to-date decline of 40.00% and a 50.88% drop over the past year.
As of 06-Oct, Magenta Lifecare Ltd is experiencing a decline in its stock price, currently at 15.00, which reflects a decrease of 0.85 or 5.36%. The stock has underperformed significantly today, lagging behind its sector by 5.25%. Additionally, it has not traded on 5 out of the last 20 days, indicating erratic trading behavior. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Over the past week, the stock has dropped by 5.36%, while it has shown a slight recovery of 5.26% over the past month. However, year-to-date, it has plummeted by 40.00%, and over the past year, it has decreased by 50.88%, highlighting a significant downward trajectory.In the broader market context, the Sensex has increased by 1.77% over the past week and 1.34% over the past month, contrasting sharply with Magenta Lifecare's performance. This indicates that while the overall market is experiencing gains, Magenta Lifecare is struggling to keep pace. The stock's liquidity is deemed sufficient for trading, with a delivery volume that has risen by 122.22% against the 5-day average, suggesting some rising investor participation. However, the lack of available positive factors in the dashboard may further contribute to the stock's negative sentiment among investors.
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