Why is Meyer Apparel falling/rising?
As of 19-Nov, Meyer Apparel Ltd's stock price is at 1.80, down 4.76%, and has underperformed its sector. The stock is trading below all moving averages and has seen a significant decline of 27.13% over the past month, contrasting with the broader market's gains.
As of 19-Nov, Meyer Apparel Ltd's stock price is currently at 1.80, reflecting a decrease of 0.09, or 4.76%. The stock has underperformed its sector today by 4.61%, and it has not traded on one day out of the last 20, indicating erratic trading patterns. Additionally, Meyer Apparel is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has experienced a significant decline over the past month, with a return of -27.13%, while its year-to-date performance shows a modest gain of 4.05%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that the Sensex has increased by 0.85% over the past week, contrasting with Meyer Apparel's flat performance during the same period. This suggests that while the broader market is experiencing gains, Meyer Apparel is lagging significantly, particularly with its one-month return compared to the benchmark's 1.47% increase. The stark difference in performance highlights the challenges Meyer Apparel faces in attracting investor interest, as evidenced by the drastic drop in delivery volume, which has fallen by 96.4% against the 5-day average.
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