Why is Manglam Infra falling/rising?
As of 17-Sep, Manglam Infra & Engineering Ltd's stock price is at 24.95, unchanged, but has declined 42.58% year-to-date and 62.42% over the past year. Despite a recent monthly increase of 18.25%, the stock is underperforming compared to the Sensex, with decreasing investor interest indicated by a 51.61% drop in delivery volume.
As of 17-Sep, Manglam Infra & Engineering Ltd's stock price is currently at 24.95, showing no change (0.00%). The stock has experienced a significant decline of 13.37% over the past week, while it has increased by 18.25% over the last month. However, year-to-date, the stock is down 42.58%, and it has fallen 62.42% over the past year. Today's price summary indicates that the stock is performing inline with its sector, but it is currently above the 50-day and 100-day moving averages while being below the 5-day, 20-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 51.61% against the 5-day average, which may indicate waning interest among investors.In the broader market context, the Sensex has shown a positive return of 1.43% over the past week and 2.84% over the past month, contrasting with Manglam Infra's recent performance. The stock's substantial decline in the year-to-date and one-year periods, compared to the Sensex's gains, highlights a significant underperformance relative to the benchmark. This disparity suggests that while the overall market is experiencing growth, Manglam Infra is struggling to attract investor confidence, as evidenced by the falling delivery volumes and its inability to maintain momentum despite a recent uptick in the monthly return.
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