Why is Mish Designs falling/rising?
As of 08-Oct, Mish Designs Ltd's stock price is Rs 54.90, down 10.0%, with significant declines over the past week and month. The stock is underperforming against the broader market, which has seen positive returns, highlighting its ongoing struggles.
As of 08-Oct, Mish Designs Ltd is experiencing a decline in its stock price, currently at Rs 54.90, which reflects a decrease of Rs 6.1 or 10.0%. The stock has underperformed significantly, with a 1-week return of -14.22% and a 1-month return of -17.51%. Today, the stock opened with a loss of 3.92% and reached an intraday low of Rs 54.90, which is only 3.01% above its 52-week low of Rs 53.25. Additionally, it is trading below all key moving averages, indicating a bearish trend. Although there was a slight increase in delivery volume by 11.11% on October 6, the overall trading activity has been erratic, with the stock not trading on two days out of the last twenty.In the broader market context, the Sensex has shown a positive return of 0.98% over the past week, contrasting sharply with Mish Designs' poor performance. The stock's year-to-date decline of 62.16% further highlights its struggles against a backdrop of a 4.65% gain in the benchmark index. This stark difference in performance suggests that while the broader market is experiencing growth, Mish Designs is facing significant challenges that are contributing to its falling stock price.
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