Why is Mayur Leather falling/rising?
As of 14-Nov, Mayur Leather Products Ltd's stock price is declining at 13.60, down 5.62%, with a total drop of 17.53% over three days and significant underperformance compared to the sector and benchmark indices. Despite strong long-term gains, current trends indicate a substantial downturn amid a generally positive market.
As of 14-Nov, Mayur Leather Products Ltd is experiencing a decline in its stock price, currently at 13.60, which represents a decrease of 0.81 or 5.62%. The stock has been underperforming significantly, with a consecutive fall over the last three days resulting in a total decline of 17.53%. Additionally, the stock has underperformed its sector by 7.24% today. The delivery volume has also seen a drastic drop, falling by 80.18% compared to the 5-day average, indicating a decrease in investor participation. The stock's performance over the past week shows a decline of 14.14%, and over the past month, it has fallen by 22.29%, while the benchmark Sensex has shown positive returns of 1.62% and 3.09%, respectively.In the broader market context, the stock's short-term performance is notably weaker than the benchmark, which has been gaining ground. The Sensex has increased by 8.22% year-to-date and 9.00% over the past year, contrasting sharply with Mayur Leather's recent struggles. While the stock has shown strong performance over the longer term, with an 80.85% increase over three years and a 156.60% increase over five years, the current trends suggest a significant downturn that is not aligned with the overall market's positive trajectory. The absence of any positive factors in the dashboard further emphasizes the challenges the stock is facing in the current market environment.
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