Why is Meyer Apparel falling/rising?

Nov 03 2025 10:06 PM IST
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As of 03-Nov, Meyer Apparel Ltd's stock price is at 2.20, down 4.76% over the past week, significantly underperforming its sector and the Sensex. Despite strong long-term growth, recent short-term pressures and volatility are affecting investor sentiment.
As of 03-Nov, Meyer Apparel Ltd's stock price is currently at 2.20, reflecting a decrease of 0.11, or 4.76%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 13.73% over the past week. In addition, the stock's performance today has lagged behind its sector by 5.54%. While the stock has shown strong growth year-to-date with a return of 27.17%, it is currently trading below its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains above the 200-day moving average. There is a noted increase in investor participation, with delivery volume rising by 7.72% against the 5-day average, indicating some interest despite the recent price drop. 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, Meyer Apparel's short-term performance has significantly underperformed compared to the Sensex, which has only declined by 0.94% over the same one-week period. While the stock has shown impressive long-term growth, with a 214.29% increase over the past five years compared to the Sensex's 108.58%, the recent downturn suggests that short-term pressures are impacting investor sentiment. The stock's erratic trading pattern, with a day of no trading in the last 20 days, may also contribute to the volatility observed in its price movements.
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