Why is Muller & Phipps falling/rising?
As of 29-Sep, Muller & Phipps (India) Ltd's stock price is Rs 243.00, down 4.91%, and has declined 6.59% over the last two days. The stock is underperforming its sector and the broader market, with a year-to-date drop of 21.49%, despite a significant increase in delivery volume.
As of 29-Sep, Muller & Phipps (India) Ltd is experiencing a decline in its stock price, currently at Rs 243.00, which represents a decrease of Rs 12.55 or 4.91%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 6.59%. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock has also underperformed its sector by 5.54% today. In terms of returns, over the past week, the stock has decreased by 6.50%, while it has seen a year-to-date decline of 21.49%, contrasting with the Sensex, which has gained 2.85% during the same period.In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, as it has dropped 6.50% over the past week compared to the Sensex's decline of only 2.18%. This disparity highlights the stock's weakness relative to the overall market. Despite a notable increase in delivery volume, which rose by 271.62% against the 5-day average, the overall sentiment appears negative, contributing to the stock's downward movement. The absence of positive factors in the dashboard further emphasizes the challenges the company faces in regaining investor confidence.
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