Why is Mewar Hi-Tech falling/rising?
As of 04-Nov, Mewar Hi-Tech Engineering Ltd's stock price has risen to Rs 74.82, up 5.0%, with a notable 40.64% gain over the past week, outperforming the Sensex. Despite a year-to-date decline of 9.51%, recent trends indicate increased investor interest and a bullish outlook.
As of 04-Nov, Mewar Hi-Tech Engineering Ltd is experiencing a price increase, with its current price at Rs 74.82, reflecting a rise of Rs 3.56 or 5.0%. The stock has shown strong performance recently, gaining 40.64% over the last seven days and outperforming its sector by 4.38% today. It has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, investor participation has increased, with delivery volume rising by 25% against the 5-day average, suggesting heightened interest in the stock. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Mewar Hi-Tech has significantly outperformed the benchmark Sensex over the past week, with a return of +27.57% compared to the Sensex's decline of -1.38%. Over the past month, the stock has also outperformed the benchmark, gaining +10.14% while the Sensex increased by only +2.77%. However, it is important to note that year-to-date, the stock is down by -9.51%, contrasting with the Sensex's gain of +6.81%. This divergence highlights the stock's recent recovery amidst a broader market that has not performed as well in the short term.
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