Why is MCON Rasayan falling/rising?
As of 19-Sep, MCON Rasayan India Ltd's stock price is Rs 73.00, down 2.8%, with significant underperformance reflected in a -10.43% one-week return and a -65.24% year-to-date return compared to the Sensex's 7.11% gain. The stock is trading below all key moving averages and is near its 52-week low.
As of 19-Sep, MCON Rasayan India Ltd is experiencing a decline in its stock price, currently at Rs 73.00, which reflects a decrease of Rs 2.1 or 2.8%. The stock has underperformed significantly, with a one-week return of -10.43% and a one-month return of -10.98%. Additionally, it is trading lower than all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being just 2.19% away from Rs 71.4. Despite a notable increase in delivery volume by 206.45% on September 18, the overall performance today has underperformed the sector by 2.69%. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, MCON Rasayan's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.85% over the past week. The stark difference in performance is evident as MCON Rasayan has a year-to-date return of -65.24%, while the Sensex has increased by 7.11% during the same period. This underperformance against the benchmark indicates a challenging environment for MCON Rasayan, contributing to the downward pressure on its stock price.
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