Why is Mefcom Capital falling/rising?
As of 24-Sep, Mefcom Capital Markets Ltd's stock price is at 14.99, down 1.7%, and has declined 5.49% over the last two days. The stock is trading below all key moving averages, indicating a bearish trend, and has seen a significant drop in delivery volume, reflecting reduced investor participation.
As of 24-Sep, Mefcom Capital Markets Ltd is experiencing a decline in its stock price, currently at 14.99, which reflects a decrease of 0.26 or 1.7%. The stock has underperformed its sector by 1.61% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.49% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased by 63.15% compared to the 5-day average, suggesting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Mefcom Capital's short-term performance over the past week shows a decline of 1.06%, which is slightly better than the benchmark Sensex's decline of 1.18%. However, over the past month, Mefcom has underperformed significantly with a drop of 6.31%, while the Sensex has gained 0.50%. Year-to-date, Mefcom's stock has plummeted by 32.02%, contrasting sharply with the Sensex's positive return of 4.58%. This stark difference in performance highlights the challenges faced by Mefcom Capital in the current market environment.
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