Why is Mishka Exim falling/rising?
As of 22-Sep, Mishka Exim Ltd's stock price is 37.07, down 2.45%, with a year-to-date decline of 29.79%. Despite a recent increase in investor participation, the stock is underperforming compared to the broader market, which has seen gains.
As of 22-Sep, Mishka Exim Ltd's stock price is currently at 37.07, reflecting a decline of 0.93, or 2.45%. The stock has been underperforming, having lost 5.43% over the last two days and showing a weekly decline of 2.45%. Despite a positive performance over the past month with a 3.98% increase, the year-to-date return is significantly negative at -29.79%. The stock is currently trading above its 20, 50, 100, and 200-day moving averages but below its 5-day moving average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 100.99% compared to the 5-day average, indicating some interest despite the recent price drop. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that while Mishka Exim has experienced a decline, the benchmark Sensex has gained 0.46% over the past week. This indicates that the stock is lagging behind the broader market trends. Year-to-date, Mishka Exim's performance is significantly worse than the Sensex, which has increased by 5.15%. The stark contrast in performance suggests that investor sentiment towards Mishka Exim is currently negative, contributing to its declining stock price amidst a generally more favorable market environment.
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