Why is New Swan falling/rising?
As of 11-Sep, New Swan Multitech Ltd's stock price is 68.99, down 1.09% and has underperformed with a 1.46% decline over the last three days. Despite a year-to-date gain of 5.36%, the stock has seen a significant drop in delivery volume and a 15.66% decline over the past year, contrasting with the benchmark Sensex's positive performance.
As of 11-Sep, New Swan Multitech Ltd's stock price is currently at 68.99, reflecting a decrease of 0.76, or 1.09%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 1.46% during this period. It has also underperformed its sector by 0.48% today. In terms of returns, the stock has seen a decline of 1.49% over the past week and 2.83% over the past month, while it has a year-to-date increase of 5.36%. Notably, the stock's delivery volume has decreased significantly, falling by 69.7% compared to the 5-day average, indicating a drop in investor participation. There are no positive or negative factors available to further explain the stock's recent movement.Broader market context shows that while New Swan Multitech Ltd has been declining, the benchmark Sensex has increased by 1.03% over the past week and 1.17% over the past month. This stark contrast highlights the stock's underperformance relative to the broader market. Despite a year-to-date gain, the stock's longer-term performance has been poor, with a 15.66% decline over the past year, while the Sensex has remained relatively flat at 0.03%. The stock's moving averages indicate it is currently lower than the 5-day, 20-day, and 50-day averages, which may suggest a bearish trend in the short term.
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