Why is NB Footwear falling/rising?
As of 10-Oct, NB Footwear Ltd. has seen its stock price rise to 8.53, reflecting a recent increase of 4.92%. Despite this short-term gain, the stock has a year-to-date decline of 47.48% and has underperformed the broader market significantly.
As of 10-Oct, NB Footwear Ltd. has seen its stock price rise to 8.53, reflecting an increase of 0.4 or 4.92%. The stock has been gaining for the last two days, achieving a total return of 10.06% during this period. Additionally, it has outperformed its sector by 6.26%. Despite its recent gains, the stock has experienced significant declines over longer periods, with a year-to-date drop of 47.48% and a one-year decline of 50.64%. The stock's delivery volume has also increased by 61.42% compared to the five-day average, indicating rising investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In the short term, NB Footwear's performance has been notably weaker compared to the benchmark Sensex, which has gained 1.59% over the past week while the stock itself has declined by 3.07%. This contrast highlights the stock's struggles relative to the broader market, despite its recent upward movement. Over the past month, the stock has dropped 18.30%, while the Sensex has managed a modest gain of 1.32%, further illustrating the challenges faced by NB Footwear in the current market environment.
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