Why is Namo eWaste falling/rising?
As of 18-Jul, Namo eWaste Management Ltd is trading at 191.15, reflecting a significant price increase of 8.27%. The stock has outperformed its sector and the Sensex recently, indicating a positive recovery trend despite a year-to-date decline.
As of 18-Jul, Namo eWaste Management Ltd is experiencing a price increase, currently trading at 191.15, which reflects a rise of 14.6 or 8.27%. The stock has shown strong performance today, outperforming its sector by 8.5%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. There has also been a significant increase in investor participation, with delivery volume rising by 198.26% compared to the 5-day average. However, there is no information available regarding positive or negative factors that could further explain this movement.In the broader market context, Namo eWaste has outperformed the Sensex over the past week, with a return of +38.41% compared to the benchmark's -0.72%. Over the past month, the stock has also shown a strong return of +29.77%, while the Sensex has only increased by +0.63%. Despite a year-to-date decline of -9.15% for Namo eWaste, the recent short-term performance suggests a recovery trend that contrasts sharply with the benchmark's performance.
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