Why is Monte Carlo Fas. falling/rising?
As of 03-Nov, Monte Carlo Fashions Ltd is currently priced at 733.85, reflecting a 4.95% increase despite a recent decline in delivery volume. The stock has shown strong short-term performance, outperforming the Sensex and trading above key moving averages, although it is down 8.82% year-to-date.
As of 03-Nov, Monte Carlo Fashions Ltd is experiencing a price increase, currently at 733.85, reflecting a rise of 34.6 or 4.95%. Today's price summary indicates that the stock opened lower, down by 3.52%, but managed to reach an intraday high of Rs 741.15, showcasing a significant recovery. Despite a decline in delivery volume by 25.25% against the 5-day average, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Additionally, the stock has outperformed its sector by 5.06%, and it offers a high dividend yield of 3% at the current price, which may attract investors.In the broader market context, the stock's performance over the past week shows a gain of 5.34%, contrasting sharply with the Sensex, which has declined by 0.94% during the same period. Over the past month, Monte Carlo Fashions Ltd has increased by 7.54%, while the Sensex has risen by 3.41%, indicating a stronger short-term performance relative to the benchmark. However, year-to-date, the stock is down by 8.82%, while the Sensex has gained 7.47%, highlighting a mixed performance when viewed over a longer timeframe.
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