Why is Megatherm Indu. falling/rising?

Sep 23 2025 11:54 PM IST
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As of 23-Sep, Megatherm Induction Ltd's stock price is 278.55, down 5.35%, and has underperformed its sector and the broader market significantly, with a year-to-date decline of 13.80%. Despite a notable increase in delivery volume, the stock continues to trade below all key moving averages.
As of 23-Sep, Megatherm Induction Ltd is experiencing a decline in its stock price, currently at 278.55, which reflects a decrease of 15.75 or 5.35%. The stock has underperformed its sector by 4.69% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 8.45%, and it has seen a year-to-date decline of 13.80%. Despite a significant increase in delivery volume by 310.34% against the 5-day average, there are no positive or negative factors available to provide further context on the stock's recent movement.

In the broader market context, the Sensex has shown a minimal decline of 0.28% over the past week, contrasting with Megatherm's more substantial drop. While the benchmark has gained 1.20% over the past month, Megatherm has fallen by 8.90% in the same period, indicating a significant underperformance relative to the market. This disparity in performance suggests that the stock is facing challenges that are not affecting the broader market to the same extent.
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