Why is Mangalam Industr falling/rising?
As of the data provided, Mangalam Industries is experiencing a significant decline in its stock price, with a 55.01% drop year-to-date and a 57.44% decline over the past year, underperforming the Sensex which has only decreased by 0.34% in the same timeframe. The stock's long-term performance is also concerning, showing a 64.84% decline over three years compared to a 41.31% gain in the Sensex.
As of the data provided, the specific date is not mentioned. However, based on the information available, Mangalam Industries is experiencing a downward movement in its stock price. The stock has shown a significant decline of 55.01% year-to-date and a 57.44% drop over the past year. Unfortunately, today's price summary data is not available, which limits the ability to provide the current price movement in detail. The stock's performance against the benchmark, the Sensex, indicates a stark contrast, with the stock underperforming significantly over various periods, including a 5.68% decline over the past week compared to a minor 0.34% drop in the Sensex.In the broader market context, the stock's short-term return has been negative, with a 1-week decline of 5.68%, while the Sensex has only decreased by 0.34%. This suggests that Mangalam Industries is facing challenges that are not affecting the broader market to the same extent. The long-term performance also highlights a troubling trend, with a 64.84% decline over three years, while the Sensex has gained 41.31% in the same period. This disparity indicates that Mangalam Industries may be facing specific issues that are impacting its stock price negatively, despite the overall market showing resilience.
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