Why is Marco Cables falling/rising?
As of 18-Sep, Marco Cables & Conductors Ltd is facing a stock price decline to 40.40, down 1.7%, and has significantly underperformed its sector and the Sensex over various time frames, with year-to-date and one-year declines of 36.68% and 40.54%, respectively. Investor participation has also dropped notably, with delivery volume down 35.48% compared to the 5-day average.
As of 18-Sep, Marco Cables & Conductors Ltd is experiencing a decline in its stock price, currently at 40.40, which reflects a decrease of 0.7 or 1.7%. The stock has underperformed its sector by 1.72% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.48% compared to the 5-day average. The stock has also shown poor performance over various time frames, with a year-to-date decline of 36.68% and a one-year decline of 40.54%. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.In the broader market context, the Sensex has shown a positive return of 1.67% over the past week, while Marco Cables has declined by 3.12% in the same period, indicating a significant underperformance relative to the benchmark. Over the past month, the Sensex has increased by 2.20%, contrasting with Marco Cables' slight decline of 0.25%. This trend of underperformance continues, as the stock has not only lagged behind the benchmark in the short term but has also shown a stark contrast in year-to-date performance, with the Sensex gaining 7.52%.
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