Why is Morarjee Text. falling/rising?
As of 13-Nov, Morarjee Textiles Ltd's stock price is 7.81, down 4.99%, and has declined 26.11% year-to-date. The stock has significantly underperformed compared to the Sensex, which has gained 8.11% this year, indicating weak investor sentiment and erratic trading activity.
As of 13-Nov, Morarjee Textiles Ltd's stock price is currently at 7.81, reflecting a decrease of 0.41, or 4.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 9.71% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date decline of 26.11% and a three-year drop of 64.09%. The trading activity has been erratic, with the stock not trading on one day out of the last 20 days, and there has been a significant decrease in investor participation, as evidenced by a 66.67% drop in delivery volume compared to the five-day average. There is no information available regarding positive or negative factors that could influence the stock's movement.Broader market context indicates that Morarjee Textiles Ltd has significantly underperformed compared to the benchmark Sensex, which has gained 8.11% year-to-date. In the last week, the stock has declined by 8.23%, while the Sensex has increased by 1.40%. This stark contrast highlights the stock's struggles in a generally positive market environment, further contributing to investor sentiment that may be driving the stock's price down.
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