Why is Mayur Leather falling/rising?
As of 12-Jun, Mayur Leather Products Ltd is seeing a price increase to Rs. 14.86, with a 4.94% rise and a total return of 33.75% over the last six days. The stock is performing strongly, trading above key moving averages and significantly outperforming the Sensex.
As of 12-Jun, Mayur Leather Products Ltd is experiencing a price increase, currently at Rs. 14.86, reflecting a rise of 0.7 or 4.94%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 33.75% during this period. It has also reached a new 52-week high today. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The delivery volume has increased by 5.13% compared to the 5-day average, suggesting rising investor participation. There are no specific positive or negative factors available to further explain the stock's recent movement.In the broader market context, Mayur Leather's performance over the past week shows a remarkable return of 27.44%, significantly outperforming the Sensex, which has only increased by 0.31% during the same period. This strong short-term performance highlights the stock's resilience and attractiveness compared to the benchmark index, especially given the broader market's slight decline of 0.90% over the past month. Overall, the stock's recent gains can be attributed to its strong performance metrics and positive investor sentiment.
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