Why is Malpani Pipes falling/rising?

Jun 11 2025 11:11 PM IST
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As of 11-Jun, Malpani Pipes & Fittings Ltd's stock price is Rs 71.60, down 7.19% after four consecutive days of decline. Despite a recent positive monthly return of 13.38%, the stock is currently underperforming against the broader market.
As of 11-Jun, Malpani Pipes & Fittings Ltd is experiencing a decline in its stock price, currently at Rs 71.60, which reflects a decrease of Rs 5.55 or 7.19%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 10.28% during this period. Today, it opened with a loss of 5.25% and reached an intraday low of Rs 71, which is a 7.97% drop. While the stock's moving averages indicate it is higher than the 50-day, 100-day, and 200-day averages, it is lower than the 5-day and 20-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 55.17% against the 5-day average, although the positive and negative factors impacting the stock are not available.

Broader market context shows that over the past week, Malpani Pipes has underperformed the Sensex, with a return of -9.02% compared to the benchmark's gain of 1.87%. In the past month, however, the stock has shown a positive return of 13.38%, while the Sensex has increased by 3.85%. This indicates that while the stock has had a strong performance recently, its current decline is significant in the short term, particularly against the backdrop of a rising broader market.
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