Why is Mega Nirman falling/rising?
As of 06-Nov, Mega Nirman & Industries Ltd's stock price is Rs 23.40, up 6.36% over the last two days, with a year-to-date return of 15.61%, outperforming the Sensex. Despite recent gains, the stock has underperformed the benchmark over the last three years.
As of 06-Nov, Mega Nirman & Industries Ltd's stock price is currently at Rs 23.40, reflecting an increase of Rs 1.4, or 6.36%. The stock has been gaining momentum, having risen for the last two days with a total return of 7.59% during this period. Additionally, it has outperformed its sector by 7.19%. The stock's performance over the past year shows a significant increase of 19.69%, while year-to-date returns stand at 15.61%. Notably, there has been a substantial rise in investor participation, with delivery volume increasing by 351.99% compared to the 5-day average, indicating heightened interest in the stock. However, the positive and negative factors dashboard is unavailable, which limits further insights into specific influences on the stock's movement.Broader market context indicates that while Mega Nirman has shown a positive return of 0.09% over the past week, the benchmark Sensex has declined by 1.30% during the same period. This suggests that the stock is performing relatively well compared to the broader market. In the longer term, the stock's year-to-date performance of 15.61% significantly surpasses the Sensex's 6.62%, indicating strong relative strength. However, over the last three years, the stock has underperformed the benchmark, which has increased by 36.69% compared to Mega Nirman's 28.93%. This mixed performance highlights the stock's recent positive momentum amidst a challenging broader market environment.
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