Why is Marco Cables falling/rising?

Sep 03 2025 11:56 PM IST
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As of 03-Sep, Marco Cables & Conductors Ltd is experiencing a price increase to 38.00, but has seen significant declines of -6.75% over the past week and -40.44% year-to-date, indicating underperformance compared to the broader market. Despite today's positive movement, the stock remains below all moving averages, suggesting a bearish trend.
As of 03-Sep, Marco Cables & Conductors Ltd is experiencing a price increase, with the current price at 38.00, reflecting a change of 0.5 or 1.33% upward. Despite this positive movement today, the stock has shown a significant decline over the past week and month, with returns of -6.75% and -8.43%, respectively. Year-to-date, the stock has decreased by 40.44%, and over the past year, it has fallen by 44.28%. Today's performance indicates that Marco Cables has outperformed its sector by 1.58%, and there has been a notable increase in investor participation, with delivery volume rising by 218.18% compared to the 5-day average. However, the stock is currently trading below all its moving averages, which suggests a bearish trend in the longer term.

In the broader market context, the Sensex has shown a slight gain of 0.01% over the past week and a modest increase of 0.61% over the past month, contrasting with Marco Cables' significant declines during the same periods. Year-to-date, while the Sensex has increased by 4.53%, Marco Cables has faced substantial losses, indicating that the stock is underperforming relative to the benchmark. This divergence highlights the challenges faced by Marco Cables in a generally stable market environment, contributing to its recent price movements.
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