Why is Mystic Electron. falling/rising?
As of 27-Oct, Mystic Electronics Ltd's stock price is at 3.69, down 4.9%, with a total decline of 13.99% over the last three days and a year-to-date drop of 43.75%. The stock is underperforming its sector and experiencing reduced investor interest, as indicated by an 82.87% decrease in delivery volume compared to the 5-day average.
As of 27-Oct, Mystic Electronics Ltd is experiencing a decline in its stock price, currently at 3.69, reflecting a decrease of 0.19 or 4.9%. The stock has underperformed its sector by 5.08% today and has been on a downward trend for the last three days, resulting in a total drop of 13.99% during this period. Additionally, the stock's performance over the past week shows a significant decline of 7.52%, while its year-to-date return is down 43.75%. The stock is currently trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Furthermore, there has been a notable decrease in investor participation, with delivery volume plummeting by 82.87% compared to the 5-day average, indicating reduced interest in trading the stock.In the broader market context, the Sensex has shown a positive return of 0.49% over the past week, contrasting sharply with Mystic Electronics' performance. While the benchmark has gained 5.41% over the past month, Mystic Electronics has managed a modest increase of 6.34% in the same timeframe, but this is overshadowed by its significant year-to-date decline compared to the Sensex's 8.50% gain. The stark difference in performance highlights the challenges Mystic Electronics is facing in attracting investor confidence, particularly in light of its recent consecutive losses and declining trading volume.
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