Why is Mewar Hi-Tech falling/rising?
As of 31-Oct, Mewar Hi-Tech Engineering Ltd's stock price is at Rs 67.88, up 5.0% and gaining 27.59% over the past week, outperforming the Sensex, which has declined by 0.32%. Despite being down 17.90% year-to-date, the stock shows strong short-term momentum with increased investor participation.
As of 31-Oct, Mewar Hi-Tech Engineering Ltd's stock price is rising, currently at Rs 67.88, reflecting an increase of 3.23 or 5.0%. The stock has shown significant momentum, gaining 27.59% over the past week and outperforming its sector by 5.83% today. It opened with a 5% gain and has maintained this price throughout the trading session. Additionally, the stock's delivery volume has increased by 66.67% compared to the 5-day average, indicating rising investor participation. While the stock is currently above its 5-day, 20-day, and 200-day moving averages, it remains below its 50-day and 100-day moving averages. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Mewar Hi-Tech's performance contrasts sharply with the benchmark, as it has gained 27.59% over the past week while the Sensex has declined by 0.32%. However, over the last month, the stock has remained relatively flat with a slight decrease of 0.07%, while the Sensex has increased by 3.65%. Year-to-date, Mewar Hi-Tech is down 17.90%, in contrast to the Sensex's gain of 7.42%. This divergence highlights the stock's recent strong performance in the short term against a backdrop of broader market trends.
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