Why is Neelam Linens falling/rising?
As of 24-Sep, Neelam Linens and Garments (India) Ltd is priced at 21.20, showing no change. The stock has significantly underperformed with a year-to-date decline of 62.84%, despite a slight outperformance against its sector today.
As of 24-Sep, Neelam Linens and Garments (India) Ltd is currently priced at 21.20, with no change in price (0.00%). The stock has underperformed in the short term, with a 1-week return of -0.47% and a 1-month return of -7.83%. Additionally, it has significantly declined year-to-date by 62.84%. Today's price summary indicates that the stock is trading below all moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), suggesting a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 33.33% compared to the 5-day average. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, the stock has outperformed its sector by 0.43% today, despite its overall poor performance compared to the benchmark Sensex, which has seen a decline of 1.08% over the past week. This indicates that while Neelam Linens is facing challenges, it is managing to perform slightly better than the sector average in the short term. However, the significant year-to-date decline of 62.84% compared to the Sensex's increase of 5.97% highlights the stock's ongoing struggles in a generally improving market.
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