Why is Manglam Infra falling/rising?
As of 05-Sep, Manglam Infra & Engineering Ltd's stock price is at 29.70, up 10.0% today, but it has declined 31.65% year-to-date and 56.96% over the past year. Despite recent short-term gains, the stock's long-term performance remains significantly below market benchmarks.
As of 05-Sep, Manglam Infra & Engineering Ltd's stock price is currently at 29.70, reflecting an increase of 2.7, or 10.0%. The stock has shown a strong performance today, outperforming its sector by 10.41%. In terms of returns, over the past week, the stock has risen by 5.69%, and over the past month, it has surged by 41.43%. However, it is important to note that the stock has experienced a significant decline year-to-date of 31.65% and a staggering 56.96% drop over the past year. Additionally, the stock's delivery volume has decreased by 33.33% compared to the 5-day average, indicating a fall in investor participation. There are no available positive or negative factors to further explain the stock's recent movement.Broader market context shows that while Manglam Infra has outperformed the Sensex in the short term, with a 1-week return of 5.69% compared to the Sensex's 1.29%, its year-to-date performance is considerably worse than the benchmark, which has gained 4.64%. This contrast highlights the stock's volatility and the challenges it has faced over a longer period, despite its recent gains. The stock's current price movement reflects a recovery phase, but the overall trend remains concerning given its historical performance against the broader market.
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