Why is Manglam Infra falling/rising?

Sep 29 2025 11:59 PM IST
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As of 29-Sep, Manglam Infra & Engineering Ltd's stock price is at 23.50, down 4.47%, and has significantly underperformed its sector and the benchmark Sensex over the past year. Despite increased investor participation, the overall sentiment remains negative due to substantial declines in both short-term and long-term performance.
As of 29-Sep, Manglam Infra & Engineering Ltd is experiencing a decline in its stock price, currently at 23.50, which reflects a decrease of 1.1 or 4.47%. The stock has underperformed its sector by 3.83% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.67%, and it has seen a significant drop of 16.37% over the past month. Year-to-date, the stock is down 45.91%, and it has fallen 63.42% over the past year. While there has been a rise in investor participation, with delivery volume increasing by 56.25% against the 5-day average, the overall sentiment appears negative, and there are no positive or negative factors provided to further explain the recent movement.

In the broader market context, the stock's short-term performance has been better than the benchmark Sensex, which has declined by 2.25% over the past week. However, the stark contrast in longer-term performance is evident, as Manglam Infra has significantly underperformed the Sensex in both the year-to-date and one-year periods, with the benchmark showing a positive return of 4.19% and a decline of only 5.90%, respectively. This underperformance relative to the market may contribute to the negative sentiment surrounding the stock, leading to its current price decline.
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