Why is Mayur Leather falling/rising?
As of 30-Jun, Mayur Leather Products Ltd's stock price has increased to 20.42, reflecting a 4.99% rise, despite a recent decline in delivery volume. While it has underperformed the Sensex in the short term, its long-term performance shows a significant 3-year return of 219.06%.
As of 30-Jun, Mayur Leather Products Ltd is experiencing a price increase, with its current price at 20.42, reflecting a rise of 0.97 or 4.99%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 10.2% during this period. Despite a recent decline in delivery volume by 22.33% against the 5-day average, the stock remains liquid enough for trading. Additionally, while the stock has underperformed the benchmark Sensex over the past week, it has significantly outperformed the sector today by 3.65%.In the broader market context, the Sensex has shown a positive return of 2.09% over the past week, contrasting with Mayur Leather's decline of 5.42% during the same period. However, the stock's long-term performance is impressive, with a 3-year return of 219.06% compared to the Sensex's 57.69%. This suggests that while the stock may be facing short-term challenges, its historical performance indicates strong growth potential, which could be contributing to the recent upward price movement.
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