Why is Milkfood falling/rising?
As of 17-Nov, Milkfood Ltd's stock price is at 70.80, down 0.95%, and has significantly underperformed its sector and the broader market. The stock has seen a year-to-date decline of 37.35% and a 3-year drop of 55.15%, indicating weak investor sentiment.
As of 17-Nov, Milkfood Ltd's stock price is currently at 70.80, reflecting a decrease of 0.68, or 0.95%. The stock has underperformed its sector by 1.28% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 26.57% compared to the 5-day average. Over the past week, the stock has decreased by 1.86%, and it has experienced significant declines over longer periods, with a year-to-date drop of 37.35% and a 3-year decline of 55.15%. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the Sensex has shown a positive return of 1.69% over the past week, contrasting sharply with Milkfood's decline. This underperformance is indicative of the stock's struggles relative to the overall market, as it has not only lagged behind the benchmark in the short term but also over longer periods, with a year-on-year return of -36.90% compared to the Sensex's +9.50%. The persistent underperformance against the benchmark suggests that investor sentiment towards Milkfood Ltd is weak, contributing to the downward pressure on its stock price.
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