Why is Manbro Indust. falling/rising?
As of 12-Nov, Manbro Industries Ltd's stock price is Rs 518.40, up 4.99%, with a recent three-day gain of 15.74%. Despite strong long-term growth, investor participation has declined significantly, indicating caution among investors.
As of 12-Nov, Manbro Industries Ltd's stock price is rising, currently at Rs 518.40, reflecting an increase of Rs 24.65 or 4.99%. The stock has shown strong performance recently, gaining 15.74% over the last three days and outperforming its sector by 4.07% today. It opened with a gain of 4.99% and reached an intraday high of Rs 518.40. However, there is a notable decline in investor participation, with delivery volume dropping by 66.3% compared to the 5-day average, which may indicate some caution among investors. The stock's performance over the past week and month has been positive, with returns of 11.29% and 12.63%, respectively, although it has faced significant declines year-to-date and over the past year.In the broader market context, the Sensex has increased by 1.21% over the past week and 2.38% over the past month, indicating that while Manbro Industries is outperforming the benchmark in the short term, it has struggled significantly year-to-date with a decline of 52.61% compared to the Sensex's gain of 8.10%. The stock's long-term performance remains impressive, with a staggering increase of 1344.01% over three years and 3548.14% over five years, suggesting that despite recent volatility, there is a strong historical growth trajectory.
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