Why is Milestone Furn. falling/rising?
As of 10-Sep, Milestone Furniture Ltd's stock price is at 12.60, down 1.95%. Despite a recent decline, the stock has strong long-term performance with a year-to-date return of 95.35%, significantly outperforming the Sensex.
As of 10-Sep, Milestone Furniture Ltd's stock price is currently at 12.60, reflecting a decrease of 0.25, or 1.95%. The stock has been underperforming recently, having lost 3.89% over the last two days and underperformed its sector by 2.4% today. Despite this short-term decline, the stock has shown strong performance over longer periods, with a 1-week return of 1.86%, a 1-month return of 29.23%, and a year-to-date return of 95.35%. Additionally, the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend, although it is below its 5-day moving average. There is a notable increase in investor participation, with delivery volume rising by 203.37% against the 5-day average, suggesting heightened interest despite the recent price drop.In the broader market context, Milestone Furniture Ltd's recent performance contrasts with the Sensex, which has only increased by 1.06% over the past week and 1.96% over the past month. The stock's strong year-to-date performance of 95.35% significantly outpaces the Sensex's 4.21% increase, indicating that while the stock is currently experiencing a decline, it has been part of a much larger upward trend compared to the overall market. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for sufficient trading activity despite the recent downturn.
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