Why is Mitsu Chem Plast falling/rising?
As of 23-Sep, Mitsu Chem Plast Ltd is priced at 104.65, showing a slight increase but has underperformed with a 1-week decline of 2.65% and a 1-month drop of 7.02%. The stock is trading below all major moving averages and has seen a significant decrease in investor participation, contrasting sharply with the benchmark Sensex's slight decline.
As of 23-Sep, Mitsu Chem Plast Ltd is currently priced at 104.65, reflecting a slight increase of 0.2 or 0.19%. Despite this minor uptick, the stock has been underperforming in the longer term, with a 1-week decline of 2.65% and a 1-month drop of 7.02%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant decrease in investor participation, with delivery volume falling by 75.21% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movements.In the broader market context, Mitsu Chem Plast's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 0.34% over the past week. This underperformance is evident in the year-to-date returns, where Mitsu Chem Plast has decreased by 6.65%, while the Sensex has increased by 5.07%. The stark difference in returns over various periods, particularly the 3-year decline of 63.37% for Mitsu Chem Plast compared to a 41.31% gain for the Sensex, highlights the stock's struggles relative to the broader market.
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