Why is Mirza Internatio falling/rising?
As of 08-Aug, Mirza International Ltd's stock price is Rs 33.50, down 3.24% and has declined 7.84% over the last four days. Despite outperforming the Sensex over the past month, it has underperformed year-to-date with an 11.84% decline.
As of 08-Aug, Mirza International Ltd is experiencing a decline in its stock price, currently at Rs 33.50, which represents a decrease of Rs 1.12 or 3.24%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 7.84% during this period. Today's trading saw the stock touch an intraday low of Rs 33.47, and the volume traded was significantly lower than average, indicating a drop in investor participation. Additionally, while the stock is trading above its 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages, suggesting a bearish trend. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Mirza International's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.92% over the past week. Over the last month, the stock has decreased by 2.64%, while the Sensex has fallen by 4.60%, indicating that the stock has outperformed the benchmark in this timeframe. However, on a year-to-date basis, Mirza International has underperformed significantly, with a decline of 11.84% compared to the Sensex's gain of 2.20%. This broader market context highlights the challenges faced by the stock amidst a generally unfavorable market environment.
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