Why is Nag. Agri Tech. falling/rising?
As of 17-Nov, Nagarjuna Agri Tech Ltd's stock price is Rs 36.47, down -4.98% and significantly underperforming with a -21.91% decline over the past month. The stock has consistently traded below its moving averages and has seen a year-to-date decline of -26.41%, contrasting sharply with the Sensex's +8.72% increase.
As of 17-Nov, Nagarjuna Agri Tech Ltd's stock price is currently at Rs 36.47, reflecting a decline of -1.91 (-4.98%). The stock has been underperforming, having lost -9.73% over the last two days and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Today's trading saw the stock open with a loss of -4.98%, and it has touched an intraday low of Rs 36.47. Additionally, while there has been a rise in delivery volume by 36.68% against the 5-day average, the stock has been erratic, not trading on one day out of the last 20 days. The performance over the past month shows a significant decline of -21.91%, contrasting with a positive return of +11.29% over the past year.In the broader market context, the Sensex has shown a positive return of +1.69% over the past week and +1.19% over the past month, indicating that the overall market is performing better than Nagarjuna Agri Tech Ltd. Year-to-date, while the stock has declined by -26.41%, the Sensex has increased by +8.72%. This stark contrast highlights the stock's significant underperformance relative to the benchmark, suggesting that investor sentiment may be negatively impacted, contributing to the stock's recent decline.
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