Why is Manbro Indust. falling/rising?
As of 16-Sep, Manbro Industries Ltd's stock price is Rs 526.00, down 7.03%, and has underperformed significantly compared to the Sensex, with a year-to-date decline of 51.92%. The stock is trading below all major moving averages and has experienced high volatility and a substantial drop in delivery volume.
As of 16-Sep, Manbro Industries Ltd is experiencing a decline in its stock price, currently at Rs 526.00, reflecting a decrease of Rs 39.75 or 7.03%. The stock has been underperforming, having lost 10.24% over the last three days and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite opening with a gain of 5.69% today and reaching an intraday high of Rs 597.95, it quickly fell to a low of Rs 526. The stock has also shown high volatility with an intraday fluctuation of 6.4% and has seen a significant drop in delivery volume, which fell by 62.86% against the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Manbro Industries Ltd's performance over the past week shows a decline of 1.13%, while the benchmark Sensex has increased by 1.58%. Over the past month, the stock has decreased by 13.76%, contrasting with the Sensex's gain of 2.21%. Year-to-date, Manbro's stock has plummeted by 51.92%, while the Sensex has risen by 5.43%. This stark difference highlights the stock's significant underperformance relative to the broader market, contributing to investor concerns and the recent price decline.
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