Why is Markolines Pavem falling/rising?
As of 18-Sep, Markolines Pavement Technologies Ltd's stock price is at 170.00, reflecting a slight increase of 0.15%. While it has shown recent positive performance, it is underperforming compared to the broader market in the short term and has struggled over the longer term.
As of 18-Sep, Markolines Pavement Technologies Ltd is experiencing a slight increase in its stock price, currently at 170.00, with a change of 0.25, representing a 0.15% rise. The stock has shown positive performance recently, gaining 1.8% over the last two days and outperforming its sector by 0.34%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The delivery volume has also seen a significant increase, rising by 87.17% compared to the 5-day average, suggesting heightened investor interest. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Markolines' short-term return of 0.62% over the past week is notably lower than the Sensex's return of 1.80%, indicating that while the stock is gaining, it is not keeping pace with the overall market. Over the past month, Markolines has outperformed the Sensex, with a return of 10.86% compared to the benchmark's 2.14%. Despite this, the stock's year-to-date performance of 5.46% lags behind the Sensex's 6.24%, and its one-year return of -20.56% contrasts sharply with the Sensex's minimal gain of 0.08%, highlighting a longer-term struggle despite recent positive movements.
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