Why is Mish Designs falling/rising?
As of 29-Aug, Mish Designs Ltd's stock price is Rs 59.07, down 1.99%, with a significant decline of 10.77% over the past month and underperformance compared to the Sensex. The stock is trading below all key moving averages and has shown erratic trading behavior, reflecting ongoing challenges in the market.
As of 29-Aug, Mish Designs Ltd is experiencing a decline in its stock price, currently at Rs 59.07, which reflects a decrease of Rs 1.2 or 1.99%. The stock has been underperforming, having lost 5.22% over the last three days and showing a significant drop of 10.77% over the past month. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has not traded on two days out of the last 20, suggesting erratic trading behavior. While there has been a rise in delivery volume by 100% against the 5-day average, the overall performance today indicates that it has underperformed its sector by 1.29%. There are no available positive or negative factors to further clarify the stock's recent movement.In the broader market context, Mish Designs' short-term performance has been notably worse than the benchmark, with a 1-week return of -3.32% compared to the Sensex's -1.84%. This trend continues over the month, where Mish Designs has declined by 10.77% while the Sensex has only fallen by 1.88%. Year-to-date, the stock has plummeted by 59.29%, contrasting sharply with the Sensex's modest gain of 2.14%. This stark difference in performance highlights the challenges faced by Mish Designs in the current market environment.
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