Why is MPL Plastics falling/rising?
As of 16-Sep, MPL Plastics Ltd's stock price is declining at 8.91, down 1.0%, and has underperformed its sector by 2.17%. The stock has a year-to-date decline of 27.38% and is trading below all key moving averages, indicating sustained weakness.
As of 16-Sep, MPL Plastics Ltd is experiencing a decline in its stock price, currently at 8.91, reflecting a decrease of 0.09 or 1.0%. The stock has underperformed its sector by 2.17% today and has been on a downward trend for the past two days, resulting in a total return of -3.88% over that period. Additionally, MPL Plastics is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained weakness in its price performance. Although there has been a rise in delivery volume by 12% against the 5-day average, the overall returns for the stock have been negative, with a year-to-date decline of 27.38% and a staggering 57.49% drop over the past three years. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, MPL Plastics' recent performance contrasts sharply with the Sensex, which has shown positive returns of 1.58% over the past week and 2.21% over the past month. The stark difference in performance highlights the stock's struggle, as it has significantly lagged behind the benchmark, with a year-to-date return of -27.38% compared to the Sensex's gain of 5.43%. This underperformance suggests that while the market may be experiencing growth, MPL Plastics is facing challenges that are contributing to its declining stock price.
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