Why is Marco Cables falling/rising?
As of 11-Nov, Marco Cables & Conductors Ltd's stock price is declining at 38.90, down 1.77%, and has underperformed its sector and the broader market significantly. The stock has dropped 7.38% over the past week and 39.03% year-to-date, with reduced investor participation and no clear influencing factors.
As of 11-Nov, Marco Cables & Conductors Ltd is experiencing a decline in its stock price, currently at 38.90, which reflects a decrease of 0.7 or 1.77%. The stock has underperformed its sector by 1.02% 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 seen a significant drop of 7.38%, and its year-to-date performance shows a decline of 39.03%. Additionally, there has been a decrease in investor participation, with delivery volume falling by 2.78% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Marco Cables' short-term performance has been notably weaker than the benchmark, with a 1-week return of -7.38% compared to the Sensex's gain of 0.38%. This trend continues over the past month, where Marco Cables has declined by 3.35%, while the Sensex has increased by 1.62%. The stark contrast in performance highlights the challenges faced by Marco Cables in the current market environment, as it significantly lags behind the broader market indices.
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