Why is MILGREY FIN.&INV falling/rising?
As of 08-Sep, Milgrey Finance & Investments Ltd's stock price is declining at 115.00, down 0.35%, with significant drops in delivery volume and a 4.13% decrease over the past week. Despite strong long-term returns, the stock is underperforming compared to the broader market, indicating a negative short-term trend.
As of 08-Sep, Milgrey Finance & Investments Ltd is experiencing a decline in its stock price, currently at 115.00, which reflects a decrease of 0.4 or 0.35%. The stock has underperformed its sector by 0.67% today, and its delivery volume has significantly decreased by 80.74% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 4.13%, and over the past month, it has seen a substantial decline of 16.39%. Despite a strong year-to-date return of 12.75% and an impressive 1-year return of 235.28%, the recent performance suggests a negative trend in the short term.In the broader market context, the Sensex has shown a positive return of 0.53% over the past week and 1.16% over the past month, contrasting sharply with Milgrey's declines. This indicates that while the overall market is performing well, Milgrey is lagging behind significantly. The stock's performance relative to the benchmark suggests that investor sentiment may be shifting away from it, despite its strong long-term performance over the past year and five years. The lack of available positive or negative dashboard data further complicates the understanding of the specific factors influencing the stock's recent downturn.
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