Why is Meyer Apparel falling/rising?
As of 05-Aug, Meyer Apparel Ltd's stock price is 3.02, down 4.73% recently but up 74.57% year-to-date. Despite short-term declines, it has significantly outperformed the Sensex over the past month and week.
As of 05-Aug, Meyer Apparel Ltd's stock price is currently at 3.02, reflecting a decrease of 0.15, or 4.73%. The stock has been underperforming recently, having lost 9.31% over the last two days and is currently down 4.3% compared to its sector performance today. Despite this decline, the stock has shown strong returns over longer periods, with a year-to-date increase of 74.57% and a 3-year return of 169.64%. The stock's delivery volume has increased significantly, rising by 76.91% against the 5-day average, indicating rising investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Meyer Apparel's short-term performance contrasts with the benchmark, as it has outperformed the Sensex over the past week with a return of 4.50% compared to the benchmark's decline of 0.77%. Over the past month, the stock has also significantly outperformed the Sensex, gaining 43.13% while the benchmark fell by 3.26%. This suggests that while the stock is currently experiencing a decline, it has been part of a broader trend of strong performance relative to the market in recent months.
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