Why is Minaxi Textiles falling/rising?
As of 12-Nov, Minaxi Textiles Ltd's stock price is 1.70, down 5.03%, and has underperformed its sector by 6.59%. The stock has declined 24.44% year-to-date, contrasting sharply with the broader market's positive returns.
As of 12-Nov, Minaxi Textiles Ltd is experiencing a decline in its stock price, currently at 1.70, which reflects a decrease of 0.09 or 5.03%. The stock has underperformed its sector by 6.59% today and has fallen after three consecutive days of gains. In terms of returns, the stock has seen a decline of 4.49% over the past week and 5.03% over the past month, while year-to-date it has dropped 24.44%. Although the stock's delivery volume has increased by 63.26% compared to the 5-day average, it remains lower than the longer-term moving averages, indicating a lack of sustained upward momentum.Broader market context shows that the Sensex has gained 1.21% over the past week and 2.38% over the past month, contrasting sharply with Minaxi Textiles' performance. The broader market has also shown positive returns year-to-date at 8.10%, while Minaxi's year-to-date decline is significant. This disparity suggests that the stock is not only struggling against its own historical performance but is also lagging behind the overall market trends, contributing to its recent price decline.
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