Why is Mayur Leather falling/rising?

Jun 27 2025 08:56 PM IST
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As of 27-Jun, Mayur Leather Products Ltd is seeing a price increase to 19.45, despite a 14.95% decline over the past week. The stock shows mixed signals with decreased delivery volume and a disconnect from the broader market trend, although it has strong long-term performance.
As of 27-Jun, Mayur Leather Products Ltd is experiencing a price increase, currently at 19.45, which reflects a rise of 0.92 or 4.96%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this positive movement, the stock's performance over the past week has been notably poor, with a decrease of 14.95%, while it has outperformed its sector today by 5.38%. Additionally, the stock's delivery volume has significantly decreased, falling by 71.48% against the 5-day average, indicating a decline in investor participation. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, but is below its 5-day moving average, suggesting mixed signals regarding its short-term momentum.

In the broader market context, the Sensex has increased by 2.00% over the past week, contrasting sharply with Mayur Leather's decline during the same period. While the stock has shown strong long-term performance with a 203.91% increase over three years and a 498.46% increase over five years, its recent struggles highlight a disconnect with the overall market trend. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume raises concerns about ongoing investor interest, which may affect its future performance relative to the benchmark.
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