Why is Mystic Electron. falling/rising?
As of 20-Oct, Mystic Electronics Ltd's stock price has risen to 3.99, marking a 9.92% increase and a 22.02% return over the past week, significantly outperforming the Sensex. Despite this short-term recovery, the stock has a year-to-date decline of 39.18%.
As of 20-Oct, Mystic Electronics Ltd is experiencing a rise in its stock price, currently at 3.99, reflecting an increase of 0.36 or 9.92%. The stock has shown a strong performance today, outperforming its sector by 10.06% and has been on a consecutive gain streak for the last five days, resulting in a notable 22.02% return during this period. Additionally, the stock's delivery volume has increased by 37.01% compared to the five-day average, indicating rising investor participation. While the stock is currently above its 5-day, 20-day, and 50-day moving averages, it remains below its 100-day and 200-day moving averages. There are no positive or negative factors explicitly mentioned that could further clarify the stock's recent movement.In the broader market context, Mystic Electronics Ltd's short-term return of 22.02% over the past week significantly outpaces the Sensex, which has only increased by 2.47% in the same timeframe. However, it is important to note that the stock has underperformed in the longer term, with a year-to-date decline of 39.18% compared to the Sensex's gain of 7.97%. This contrast highlights the stock's recent recovery amidst a generally challenging performance over the past year and beyond.
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