Why is Marco Cables falling/rising?
As of 23-Sep, Marco Cables & Conductors Ltd is priced at 40.50, unchanged, but has declined 36.52% year-to-date and 45.64% over the past year, indicating a bearish trend and reduced investor participation. Compared to the Sensex, which has gained 6.45% year-to-date, Marco Cables has significantly underperformed.
As of 23-Sep, Marco Cables & Conductors Ltd is currently priced at 40.50, with no change in price (0.00%, flat). The stock has shown a slight decline of 0.25% over the past week, while it has increased by 2.40% over the last month. However, year-to-date, the stock has significantly underperformed, dropping by 36.52%, and it has also decreased by 45.64% over the past year. Today's price summary indicates that Marco Cables is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a decline in investor participation, with delivery volume falling by 3.85% compared to the 5-day average, indicating reduced trading activity. There is no information available regarding positive or negative factors affecting the stock.In the broader market context, Marco Cables' performance over the past week is slightly better than the benchmark Sensex, which has declined by 0.28%. However, the stock's performance over the longer term is concerning, as it has underperformed the Sensex significantly year-to-date and over the past year, where the Sensex has gained 6.45% and lost only 2.97%, respectively. This stark contrast highlights the challenges faced by Marco Cables in attracting investor interest and maintaining a competitive position in the market.
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