Why is Modi Rubber falling/rising?
As of 10-Oct, Modi Rubber Ltd is seeing a price increase to 130.55, up 5.54%, with strong performance and high volatility. The stock has significantly outperformed the Sensex over the past week and month, indicating strong investor sentiment.
As of 10-Oct, Modi Rubber Ltd is experiencing a price increase, with the current price at 130.55, reflecting a change of 6.85 or 5.54% upward. The stock has shown strong performance today, outperforming its sector by 5.37%. It reached an intraday high of Rs 147.9, marking a significant increase of 19.56%. The stock has also demonstrated high volatility, with an intraday volatility of 6.04%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume has surged by 362.63% compared to the 5-day average, suggesting rising investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that Modi Rubber's short-term return over the past week is +11.53%, significantly outperforming the Sensex, which has only increased by 1.59% during the same period. Over the past month, the stock has also outperformed the benchmark, with a return of +13.32% compared to the Sensex's +1.32%. This trend indicates that investor sentiment towards Modi Rubber is strong relative to the broader market, contributing to its rising stock price.
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