Why is Megri Soft falling/rising?
As of 10-Nov, Megri Soft Ltd's stock price is Rs 98.05, down 7.89% and underperforming significantly with a year-to-date decline of 48.15%. The stock has been trading below its moving averages, indicating a bearish trend, and has seen a notable drop in investor participation.
As of 10-Nov, Megri Soft Ltd's stock price is currently at Rs 98.05, reflecting a decline of Rs 8.4 or 7.89%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 10.86% during this period. Additionally, the stock has underperformed its sector by 9.28% today. It has also been trading below its moving averages across various time frames, indicating a bearish trend. The stock's year-to-date performance shows a significant decline of 48.15%, while it has experienced a 30.95% drop over the past year. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that while Megri Soft has struggled, the Sensex has only decreased by 0.53% over the past week, suggesting that the stock's short-term performance is significantly worse than the broader market. In the last month, Megri Soft has gained 3.54%, contrasting with the Sensex's 1.25% increase, but this is overshadowed by its substantial year-to-date decline. The falling investor participation, as evidenced by a 28.69% drop in delivery volume, further highlights the lack of confidence among investors, contributing to the stock's downward trajectory.
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