Why is Mish Designs falling/rising?
As of 23-Sep, Mish Designs Ltd's stock price is Rs 55.30, down 3.46%, and has declined 61.89% year-to-date. The stock is underperforming significantly compared to the broader market, trading near its 52-week low with reduced investor interest.
As of 23-Sep, Mish Designs Ltd is experiencing a decline in its stock price, currently at Rs 55.30, which represents a decrease of Rs 1.98 or 3.46%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in an overall return of -8.28% during this period. It is also trading close to its 52-week low, just 3.71% above Rs 53.25. The stock's performance has been poor over the longer term as well, with a year-to-date decline of 61.89% and a one-year drop of 75.31%. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 34.21% compared to the five-day average, indicating a lack of interest from investors.In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 0.98% over the past month and a year-to-date gain of 5.07%. In contrast, Mish Designs' short-term return of -17.22% over the past week starkly contrasts with the benchmark's minimal decline of 0.34%. This significant underperformance highlights the stock's struggles in comparison to the overall market, further exacerbated by its trading below all key moving averages, which suggests a bearish trend. The lack of positive factors in the dashboard also indicates that there are no mitigating circumstances to support a rebound in the stock's price.
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