Why is Neelam Linens falling/rising?
As of 17-Sep, Neelam Linens and Garments (India) Ltd is priced at 21.30, with a year-to-date decline of 62.66% and mixed moving average performance. Despite this, there has been a 56.25% increase in delivery volume, indicating some investor interest amidst overall underperformance compared to the market.
As of 17-Sep, Neelam Linens and Garments (India) Ltd is currently priced at 21.30, showing no change (0.00%). The stock has underperformed its sector by 1.01% today and has a mixed performance in terms of moving averages, being higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 0.93%, and over the past month, it has decreased by 3.18%. Year-to-date, the stock has seen a significant drop of 62.66%. However, there has been a notable increase in investor participation, with delivery volume rising by 56.25% against the 5-day average, indicating some interest despite the overall decline.In the broader market context, the Sensex has performed positively, gaining 1.43% over the past week and 2.84% over the past month, while Neelam Linens has struggled significantly, particularly year-to-date compared to the benchmark's increase of 7.13%. This stark contrast highlights the stock's underperformance relative to the market. The lack of available positive or negative dashboard data limits further insights into specific factors affecting the stock's movement, but the overall liquidity suggests that it remains tradable despite its challenges.
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