Why is Manglam Infra falling/rising?
As of 24-Sep, Manglam Infra & Engineering Ltd's stock price is at 25.50, up 4.94% today, but down 21.78% over the past month and 41.31% year-to-date. Despite recent short-term outperformance against the benchmark, the stock has significantly underperformed over longer periods, indicating volatility and challenges in recovery.
As of 24-Sep, Manglam Infra & Engineering Ltd's stock price is currently at 25.50, reflecting an increase of 1.2, or 4.94%. The stock has shown a positive performance today, outperforming its sector by 5.4%. Additionally, the stock's delivery volume has risen by 17.65% compared to the 5-day average, indicating increased investor participation. However, despite today's gains, the stock has experienced a significant decline over the past month, down 21.78%, and a year-to-date drop of 41.31%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's performance over the past week has been better than the benchmark, with a return of +2.20% compared to the Sensex's -1.08%. This short-term outperformance may contribute to the stock's current rise. However, it is important to note that the stock has underperformed the benchmark significantly over longer periods, including a 1-year decline of 62.50% against the Sensex's -3.41%. This contrast highlights the stock's volatility and the challenges it faces in recovering from its substantial losses.
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