Why is Mukta Agricultur falling/rising?
As of 12-Sep, Mukta Agriculture Ltd's stock price is Rs. 2.79, down 0.36%, and has hit a new 52-week low. The stock has significantly underperformed, with a year-to-date decline of 38.00%, contrasting sharply with the Sensex's positive returns.
As of 12-Sep, Mukta Agriculture Ltd's stock price is currently at Rs. 2.79, reflecting a decrease of Rs. 0.01 or 0.36%. The stock has been underperforming significantly, with a new 52-week low of Rs. 2.7 hit today. Over the past week, the stock has fallen by 12.81%, and it has experienced a decline of 14.94% over the past month. Additionally, it has been losing for the last two days, resulting in a total drop of 3.79% during this period. The stock is trading below all its moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 51.84% against the 5-day average, the overall performance remains weak.In the broader market context, Mukta Agriculture's performance contrasts sharply with the benchmark Sensex, which has gained 1.48% over the past week and 2.08% over the past month. The stock's year-to-date decline of 38.00% further highlights its struggles compared to the Sensex's positive return of 4.82% in the same timeframe. This significant underperformance suggests that investor sentiment towards Mukta Agriculture is negative, exacerbated by its recent price movements and the lack of positive factors to counterbalance the ongoing declines.
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