Why is Modern Engineer. falling/rising?

Jun 06 2025 02:46 PM IST
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As of 05-June, Modern Engineering and Projects Ltd is experiencing a price increase to 33.25, with a recent gain of 23.38% over six days. Despite outperforming the sector short-term, it has underperformed year-to-date, indicating volatility and potential for recovery.
As of 05-June, Modern Engineering and Projects Ltd is experiencing a price increase, with its current price at 33.25, reflecting a rise of 0.65 or 1.99%. The stock has shown strong performance recently, gaining 23.38% over the last six days and outperforming its sector by 1.62% today. Additionally, the stock has returned 22.47% over the past week and 14.18% over the past month, indicating a significant upward trend. The delivery volume has also surged by 855.48% against the five-day average, suggesting rising investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.

In the broader market context, while Modern Engineering and Projects Ltd has outperformed the Sensex in the short term, with a 1W return of 22.47% compared to the benchmark's slight decline of 0.23%, it has underperformed on a year-to-date basis, with a decline of 16.58% against the Sensex's gain of 4.23%. This contrast highlights the stock's volatility and the potential for recovery in the short term, despite its longer-term struggles reflected in the 1Y return of -55.41% compared to the Sensex's positive return of 9.49%.
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