Why is Marble City falling/rising?
As of 30-Oct, Marble City India Ltd's stock price is Rs 159.00, down 4.13%, underperforming its sector and showing high volatility. Despite a strong annual return of 42.07%, its year-to-date performance is poor, contrasting with the Sensex's gains.
As of 30-Oct, Marble City India Ltd's stock price is currently at Rs 159.00, reflecting a decline of Rs 6.85 or 4.13%. Today, the stock underperformed its sector by 3.98%, opening with a significant loss of 7.05% and reaching an intraday low of Rs 150, which represents a drop of 9.56%. The stock has exhibited high volatility, with an intraday volatility of 5.66%, and has traded in a wide range of Rs 18. Additionally, the stock's delivery volume has decreased by 11.98% compared to the 5-day average, indicating falling investor participation. In terms of performance, the stock has shown a negative return of 3.55% over the past week, while it has gained 8.05% over the past month, but it remains down 9.61% year-to-date.In the broader market context, the Sensex has only declined by 0.18% over the past week, suggesting that Marble City’s recent performance is significantly worse than the overall market trend. While the stock has outperformed the Sensex over the past year with a return of 42.07% compared to the Sensex's 5.58%, its year-to-date performance indicates a stark contrast, with the benchmark gaining 8.02% during the same period. This disparity highlights the stock's recent struggles despite its strong long-term performance, which may be influenced by current market conditions and investor sentiment.
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