Why is New Swan falling/rising?
As of 13-Aug, New Swan Multitech Ltd's stock price is flat at 71.00, underperforming its sector by 1.62% today, with a significant drop in investor participation. Despite a positive return of 2.75% over the past month, its longer-term performance shows a decline of 8.49% over the past year.
As of 13-Aug, New Swan Multitech Ltd's stock price is currently flat at 71.00, with no change in percentage terms (0.00%). The stock has underperformed its sector by 1.62% today, and while it is higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. Over the past week, the stock has declined by 1.80%, but it has shown a positive return of 2.75% over the past month. However, the stock has experienced a significant drop in investor participation, with delivery volume falling by 76.74% against the 5-day average, indicating reduced interest from investors. There are no available positive or negative factors to further explain the stock's recent movement.In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.01% over the past week. Compared to the benchmark, New Swan's short-term performance has lagged, as evidenced by its 1-week return of -1.80% versus the Sensex's negligible change. Year-to-date, New Swan has outperformed the Sensex with an 8.43% increase compared to the benchmark's 3.07%, but the stock's longer-term performance over the past year shows a decline of 8.49%, contrasting with the Sensex's gain of 2.01%. This suggests that while New Swan has had some positive momentum recently, its current flat price and declining investor interest may be contributing to its recent underperformance relative to the broader market.
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