Why is Mukta Arts falling/rising?
As of 13-Oct, Mukta Arts Ltd's stock price is declining at 66.01, down 4.42% and has fallen consecutively for three days, totaling a 5.5% drop. The stock is underperforming compared to the Sensex, with a year-to-date decline of 26.61% against the Sensex's 5.36% increase.
As of 13-Oct, Mukta Arts Ltd is experiencing a decline in its stock price, currently at 66.01, which represents a decrease of 3.05 or 4.42%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.5% during this period. Additionally, the stock opened with a loss of 3.26% today and reached an intraday low of Rs 63.05, marking an 8.7% drop. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant decrease in investor participation, with delivery volume dropping by 57.97% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Mukta Arts has underperformed relative to the benchmark Sensex, which has gained 0.66% over the past week while Mukta Arts has declined by 2.05%. Over the past month, the stock has decreased by 3.73%, contrasting with the Sensex's modest gain of 0.52%. Year-to-date, Mukta Arts has seen a substantial decline of 26.61%, while the Sensex has increased by 5.36%. This stark difference in performance highlights the challenges faced by Mukta Arts in the current market environment, contributing to its ongoing price decline.
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