Why is Mid East Port. falling/rising?
As of 18-Nov, Mid East Portfolio Management Ltd's stock price is Rs 17.13, down 9.98% and significantly underperforming with a 24.90% decline over the past week, despite strong year-to-date returns. The stock's volatility and recent negative performance contrast sharply with the broader market's slight gains.
As of 18-Nov, Mid East Portfolio Management Ltd's stock price is currently at Rs 17.13, reflecting a decline of 1.9 points or 9.98%. The stock has been underperforming, having lost 17.29% over the last three days and is trading lower than its moving averages across various time frames. Despite opening with a gain of 4.57% today and reaching an intraday high of Rs 19.9, it quickly fell to its current low, indicating high volatility with an intraday fluctuation of 7.45%. Additionally, while the stock has shown strong year-to-date and yearly returns of 44.80% and 84.79% respectively, its recent performance has been significantly negative, with a 24.90% decline over the past week.In the broader market context, the Sensex has shown resilience with a slight increase of 0.96% over the past week, contrasting sharply with Mid East Portfolio's substantial decline. This underperformance against the benchmark highlights the stock's struggles in the current market environment. Furthermore, while there has been a rise in investor participation, as indicated by a 13.01% increase in delivery volume, the overall sentiment appears to be negative, contributing to the stock's downward trajectory. The absence of specific positive or negative factors in the dashboard limits a more detailed analysis of the influences on the stock's recent movement.
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