Why is Modern Threads falling/rising?
As of 22-Sep, Modern Threads (I) Ltd is currently priced at Rs 51.89, reflecting a 4.3% increase after four days of decline, but it has underperformed the market over the past week and month. Despite today's rise, the stock has seen a year-to-date gain of only 2.96%, trailing behind the benchmark Sensex's 5.15% increase.
As of 22-Sep, Modern Threads (I) Ltd is experiencing a price increase, currently at Rs 51.89, which reflects a rise of Rs 2.14 or 4.3%. Today's price summary indicates that the stock has outperformed its sector by 5.01% and has gained after four consecutive days of decline. The stock reached an intraday high of Rs 51.89, showcasing high volatility with an intraday fluctuation of 5.92%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 79.91% compared to the five-day average. However, the positive and negative factors dashboard is unavailable, which limits further insights into specific influences on the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 6.17%, while the benchmark Sensex has increased by 0.46%. This indicates that despite today's rise, Modern Threads has been underperforming relative to the market in the short term. Over the past month, the stock has decreased by 7.91%, contrasting with a 1.05% gain in the Sensex. Year-to-date, the stock has a modest gain of 2.96%, but it lags behind the benchmark's 5.15% increase, highlighting a challenging environment for the stock compared to broader market trends.
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