Why is Mid East Port. falling/rising?

Jul 18 2025 10:31 PM IST
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As of 18-Jul, Mid East Portfolio Management Ltd's stock price is at 23.68, down 1.99% and has declined for 14 consecutive days, totaling a 24.1% drop. Despite this short-term decline, the stock has shown significant long-term gains, with a year-to-date increase of 100.17%.
As of 18-Jul, Mid East Portfolio Management Ltd's stock price is currently at 23.68, reflecting a decline of 0.48, or 1.99%. The stock has been on a downward trend, having fallen for the last 14 consecutive days, resulting in a total decline of 24.1% during this period. Although the stock's current price is higher than its 100-day and 200-day moving averages, it is lower than its 5-day, 20-day, and 50-day moving averages. Additionally, while the stock has experienced a significant year-to-date increase of 100.17% and a one-year increase of 138.71%, it has underperformed the sector by 1.7% today. There is a notable rise in investor participation, with delivery volume increasing by 54.43% against the 5-day average, indicating some interest despite the recent price drop.

In the broader market context, the stock's short-term performance over the past week shows a decline of 9.13%, which is significantly worse than the Sensex's decline of only 0.90%. This underperformance in the short term contrasts sharply with the stock's impressive long-term returns, such as a 393.33% increase over three years compared to the Sensex's 49.96%. The liquidity of the stock is adequate for trading, as it is based on 2% of the 5-day average traded value, suggesting that while the stock is facing challenges, it remains accessible for investors.
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