Why is Mystic Electron. falling/rising?
As of 19-Nov, Mystic Electronics Ltd's stock price is declining at 3.65, down 2.41%, with a significant year-to-date drop of 44.36%. The stock is underperforming against the Sensex, which has gained 0.85% over the past week, highlighting ongoing challenges for the company.
As of 19-Nov, Mystic Electronics Ltd is experiencing a decline in its stock price, currently at 3.65, reflecting a decrease of 0.09 or 2.41%. The stock has been underperforming, having lost 6.17% over the last three days and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, investor participation has significantly decreased, with delivery volume dropping by 75.83% compared to the 5-day average. The stock's year-to-date performance shows a substantial decline of 44.36%, indicating ongoing challenges for the company.In the broader market context, the Sensex has shown a positive return of 0.85% over the past week, contrasting sharply with Mystic Electronics' decline of 1.62% during the same period. This underperformance against the benchmark highlights the stock's struggles relative to the overall market. While the stock has seen a slight increase of 0.55% over the past month, its longer-term returns remain concerning, with a 37.93% drop over the past year compared to the Sensex's gain of 9.81%. This divergence suggests that broader market conditions are not favoring Mystic Electronics, contributing to its recent price decline.
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