Why is Mayur Leather falling/rising?
As of 24-Sep, Mayur Leather Products Ltd is experiencing a price increase to 15.24, with a 1.94% gain and strong recent momentum, outperforming the Sensex over the past week. Despite a month-long decline, the stock has shown significant long-term growth potential with impressive returns over three and five years.
As of 24-Sep, Mayur Leather Products Ltd is experiencing a price increase, with the current price at 15.24, reflecting a change of 0.29 or 1.94% upward. The stock has shown positive momentum, gaining for the last three days and achieving a total return of 5.98% during this period. Additionally, it has outperformed its sector by 1.96%. In terms of returns compared to the benchmark, over the past week, the stock has increased by 1.87%, while the Sensex has decreased by 1.18%. The stock's delivery volume has also seen a significant rise, increasing by 114.82% against the 5-day average, indicating rising investor participation. However, the positive and negative factors dashboard is not available for further insights.Broader Market Context: In the context of the broader market, the stock's short-term performance stands out, as it has outperformed the Sensex in the last week while the benchmark has shown a decline. Over the past month, however, the stock has underperformed, with a decrease of 9.61% compared to a slight increase of 0.50% in the Sensex. Despite this recent downturn, the stock has shown strong long-term performance, with a 3-year return of 83.84% compared to the Sensex's 40.65% and a remarkable 5-year return of 184.86% against 123.55% for the benchmark. This suggests that while the stock may face short-term volatility, its long-term growth potential remains robust.
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