Why is New Light Indust falling/rising?
As of 04-Nov, New Light Industries Ltd's stock price is 1.80, down 2.17% and has declined 6.25% over the last two days. Despite recent short-term gains, the stock's year-over-year performance is significantly negative at -82.95%, underperforming its sector and the broader market.
As of 04-Nov, New Light Industries Ltd is experiencing a decline in its stock price, currently at 1.80, which reflects a decrease of 0.04 or 2.17%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.25% during this period. Despite a positive performance over the past week and month, with returns of 7.14% and 14.65% respectively, the stock's year-over-year performance remains significantly negative at -82.95%. Additionally, while the stock's delivery volume has increased by 108.3% compared to the 5-day average, indicating rising investor participation, it is currently underperforming its sector by 1.09%. There is no information available regarding positive or negative factors impacting the stock.Broader market context shows that while New Light Industries has had a strong short-term performance relative to the Sensex, which has declined by 1.38% over the past week, the stock's longer-term performance remains concerning, particularly with a year-over-year decline of 82.95%. The stock's performance over the last three years, at +24.57%, is notably lower than the Sensex's +36.93%, indicating that while there may be short-term gains, the overall trend is not favorable when compared to the broader market.
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