Why is MILGREY FIN.&INV falling/rising?
As of 12-Sep, Milgrey Finance & Investments Ltd's stock price is Rs 103.90, down 2.99%, and has underperformed its sector significantly. Despite a year-to-date gain of 1.86%, the stock has seen a notable decline of 22.81% over the past month, indicating specific issues affecting its performance amidst a generally positive market.
As of 12-Sep, Milgrey Finance & Investments Ltd is experiencing a decline in its stock price, currently at Rs 103.90, reflecting a decrease of Rs 3.2 or 2.99%. The stock has underperformed its sector by 4.19% today, with an intraday low of Rs 101.55, marking a drop of 5.18%. Additionally, the stock's performance over the past week shows a significant decline of 9.97%, and over the past month, it has decreased by 22.81%. The delivery volume has also seen a substantial drop of 47.92% compared to the 5-day average, indicating falling investor participation. While the stock remains above its 200-day moving average, it is below the shorter-term moving averages, suggesting a bearish trend.In the broader market context, the Sensex has shown a positive return of 1.48% over the past week and 2.08% over the past month, contrasting sharply with Milgrey's recent performance. This indicates that while the overall market is experiencing gains, Milgrey is struggling significantly. Year-to-date, the stock has a modest gain of 1.86%, but its one-month performance is notably poor compared to the benchmark's positive returns. The disparity in performance suggests that specific issues affecting Milgrey are leading to its decline, despite a generally favorable market environment.
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