Why is MILGREY FIN.&INV falling/rising?
As of 07-Nov, Milgrey Finance & Investments Ltd's stock price is Rs 71.02, down 4.99% after six consecutive days of decline totaling 14.21%. The stock has underperformed its sector and benchmark significantly, despite increased investor participation.
As of 07-Nov, Milgrey Finance & Investments Ltd is experiencing a decline in its stock price, currently at Rs 71.02, which reflects a decrease of 3.73 points or 4.99%. The stock has been on a downward trend, having lost value for the last six consecutive days, resulting in a total decline of 14.21% during this period. Although the stock opened with a gain of 2.01% today and reached an intraday high of Rs 77, it ultimately fell to its current price, indicating significant volatility. Additionally, the stock has underperformed its sector by 6.51% today and is trading below all major moving averages, suggesting a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 253.26% against the five-day average, which may indicate some interest despite the overall decline.In the broader market context, Milgrey's short-term performance has been significantly worse than the benchmark, with a one-week return of -9.31% compared to the Sensex's -0.86%. Over the past month, the stock has decreased by 16.03%, while the Sensex has gained 1.57%. Year-to-date, Milgrey's performance is also concerning, showing a decline of 30.37% against the benchmark's increase of 6.50%. Despite a strong performance over the longer term, with a 211.49% increase over three years, the recent trends indicate that the stock is struggling in the current market environment.
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