Why is Manglam Infra falling/rising?
As of 16-Sep, Manglam Infra & Engineering Ltd's stock price is down to 24.95, reflecting a 1.19% decline and a significant year-to-date drop of 42.58%. Despite a recent monthly increase of 18.25%, the stock has underperformed compared to the broader market, which has seen positive returns.
As of 16-Sep, Manglam Infra & Engineering Ltd is experiencing a decline in its stock price, currently at 24.95, which reflects a decrease of 0.3 or 1.19%. The stock has underperformed its sector by 1.61% today, and its delivery volume has significantly dropped by 53.13% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has seen a substantial decline of 15.14%, while it has performed better over the past month with an increase of 18.25%. However, year-to-date, the stock is down 42.58%, and over the past year, it has plummeted by 62.79%. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, the Sensex has shown a positive return of 1.49% over the past week and 2.47% over the past month, contrasting sharply with Manglam Infra's recent performance. Year-to-date, while the Sensex has gained 6.74%, Manglam Infra's significant decline highlights its struggles relative to the benchmark. This disparity in performance suggests that while the overall market is experiencing growth, Manglam Infra is facing challenges that are leading to its stock price decline.
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