Why is Mayur Leather falling/rising?
As of 29-Sep, Mayur Leather Products Ltd is seeing a price increase to 16.64, up 4.98%, with a total return of 15.72% over the last six days. Despite strong performance and outpacing its sector, a decline in delivery volume raises concerns about future trading activity.
As of 29-Sep, Mayur Leather Products Ltd is experiencing a price increase, with its current price at 16.64, reflecting a rise of 0.79 or 4.98%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 15.72% during this period. It has outperformed its sector by 5.21% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, as the delivery volume on 26 September fell by 14.67% compared to the 5-day average, indicating a potential concern for future trading activity.In the broader market context, Mayur Leather's performance over the past week shows a significant return of 13.51%, contrasting sharply with the Sensex, which has declined by 2.18% during the same period. This strong performance highlights the stock's resilience in a challenging market environment. Additionally, while the stock has shown impressive long-term growth over three and five years, the recent decline in delivery volume may suggest caution among investors, despite the positive price movement.
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