Why is Modern Threads falling/rising?
As of 24-Sep, Modern Threads (I) Ltd's stock price is declining at 49.30, down 4.99%, and has significantly underperformed its sector. The stock is trading below all major moving averages, with a year-to-date drop of 2.18%, contrasting with the Sensex's gain of 4.58%.
As of 24-Sep, Modern Threads (I) Ltd is experiencing a decline in its stock price, currently at 49.30, which reflects a decrease of 2.59 or 4.99%. The stock has underperformed significantly today, with a performance that lagged behind its sector by 99.57%. Additionally, the stock has not traded on one day out of the last twenty, indicating erratic trading patterns. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.84%, and over the past month, it has fallen by 12.51%. Notably, despite the price drop, there has been a rise in investor participation, with delivery volume increasing by 35.18% compared to the 5-day average.In the broader market context, the Sensex has shown a modest decline of 1.18% over the past week, while Modern Threads has significantly underperformed relative to this benchmark. Year-to-date, the stock has decreased by 2.18%, contrasting with the Sensex's gain of 4.58%. Over the past year, Modern Threads has dropped by 19.17%, while the Sensex has only fallen by 3.77%. This disparity indicates that the stock is facing challenges that are not as prevalent in the broader market, contributing to its downward trend. Unfortunately, there is no available information regarding positive or negative factors that could further clarify the reasons behind the stock's recent movement.
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