Why is Mukka Proteins falling/rising?
As of 06-Aug, Mukka Proteins Ltd is priced at Rs. 27.59, having decreased by 0.93% and hitting a 52-week low. The stock has underperformed significantly year-to-date, down 32.79%, and is trading below all major moving averages, indicating a bearish trend.
As of 06-Aug, Mukka Proteins Ltd is currently priced at Rs. 27.59, reflecting a decrease of Rs. 0.26, or 0.93%. The stock has recently hit a new 52-week low of Rs. 27.37 and has underperformed its sector by 1.03%. Over the past week, the stock has declined by 3.06%, and it has experienced a significant drop of 32.79% year-to-date. Additionally, Mukka Proteins is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decrease in investor participation, with delivery volume falling by 48.04% compared to the 5-day average. Unfortunately, there is no positive or negative dashboard data available to further explain the stock's recent movement.In the broader market context, Mukka Proteins has underperformed compared to the Sensex, which has declined by only 1.15% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 32.79% against the Sensex's gain of 3.08%. This stark contrast highlights the challenges Mukka Proteins is facing relative to the overall market, contributing to investor sentiment that may be driving the stock's price down.
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