Why is Marg Techno-Proj falling/rising?
As of 05-Jun, Marg Techno-Projects Ltd's stock price is Rs 32.01, down 5.91%, underperforming its sector and showing significant volatility. The stock is trading below all key moving averages and has seen a 69.41% drop in delivery volume, indicating bearish trends and reduced investor participation.
As of 05-Jun, Marg Techno-Projects Ltd is experiencing a decline in its stock price, currently at Rs 32.01, which reflects a decrease of Rs 2.01 or 5.91%. The stock has underperformed its sector today, with a performance lag of 7.74%. It reached an intraday high of Rs 34.7 but fell to its current low, indicating significant volatility. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also decreased significantly, down 69.41% compared to the 5-day average, indicating falling investor participation. There is no information available regarding positive or negative factors that could provide further context for the stock's recent movement.In the broader market context, Marg Techno-Projects Ltd has shown a negative return of 7.22% over the past week, while the benchmark Sensex has only declined by 0.23%. Over the past month, the stock has decreased by 3.12%, contrasting with the Sensex's increase of 0.80%. Year-to-date, Marg Techno-Projects has a slight decline of 0.74%, while the Sensex has gained 4.23%. Despite a strong performance over the past year and three years, the recent short-term trends indicate a struggle for the stock against both its historical performance and the benchmark.
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