Why is MILGREY FIN.&INV falling/rising?
As of 10-Sep, Milgrey Finance & Investments Ltd's stock price is Rs 107.10, down 4.38%, and has underperformed its sector by 5.3% today. Despite strong long-term returns, recent volatility and a 9.24% drop over the past week indicate a disconnect with the overall market's positive performance.
As of 10-Sep, Milgrey Finance & Investments Ltd is experiencing a decline in its stock price, currently at Rs 107.10, which reflects a decrease of Rs 4.9 or 4.38%. The stock has underperformed its sector by 5.3% today and has been on a downward trend, losing 7.19% over the last three days. Although it opened with a gain of 2.77% and reached an intraday high of Rs 115.1, it also hit a low of Rs 104.35, indicating significant volatility. Over the past week, the stock has dropped by 9.24%, and over the last month, it has fallen 22.14%, contrasting sharply with a year-to-date increase of 5.00%. The delivery volume has decreased by 2.75% against the five-day average, suggesting a decline in investor participation.In the broader market context, the Sensex has shown a positive return of 1.06% over the past week and 1.96% over the past month, indicating that the overall market is performing well compared to Milgrey's recent performance. Despite the stock's strong long-term returns, including a 215.46% increase over the past year and a 449.23% rise over the past five years, its recent underperformance highlights a disconnect with the market's upward trend. The stock's current trading dynamics, including its position relative to moving averages and liquidity, further contribute to the downward pressure on its price.
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