Why is Manbro Indust. falling/rising?
As of 19-Sep, Manbro Industries Ltd's stock price is Rs. 486.95, down 8.12%, hitting a 52-week low and significantly underperforming the Sensex. The stock has lost 55.49% year-to-date, reflecting ongoing challenges in the market.
As of 19-Sep, Manbro Industries Ltd is experiencing a decline in its stock price, currently at Rs. 486.95, which represents a decrease of Rs. 43.05 or 8.12%. The stock has hit a new 52-week low of Rs. 485 today and has underperformed its sector by 7.66%. It has been on a downward trend, losing 12.53% over the last two days, and opened with a loss of 3.14%. The stock has shown high volatility with an intraday range of Rs. 64.9 and is trading below all key moving averages. Additionally, investor participation has decreased, as evidenced by a 27.79% drop in delivery volume compared to the five-day average.In the broader market context, Manbro Industries has significantly underperformed compared to the Sensex, with a one-week return of -14.26% against the benchmark's +0.88%. Over the past month, the stock has declined by 18.84%, while the Sensex has increased by 1.20%. Year-to-date, the stock has plummeted by 55.49%, contrasting sharply with the Sensex's gain of 5.74%. This stark difference highlights the challenges faced by Manbro Industries in the current market environment, contributing to its recent price decline.
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