Why is New Swan falling/rising?

Oct 24 2025 12:07 AM IST
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As of 23-Oct, New Swan Multitech Ltd is priced at 56.50, up 1.6% today, but has declined 2.59% over the past week and 10.37% over the past month, indicating a bearish trend. The stock is underperforming compared to the Sensex, which has gained 1.30% and 2.99% in the same periods, reflecting negative investor sentiment.
As of 23-Oct, New Swan Multitech Ltd is currently priced at 56.50, reflecting an increase of 0.89 or 1.6%. Despite this positive movement today, the stock has shown a negative trend over the past week, down 2.59%, and has declined by 10.37% over the past month. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume on 21 October falling by 44.44% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.

Broader Market Context: In comparison to the benchmark, the Sensex has performed positively, gaining 1.30% over the past week and 2.99% over the past month, while New Swan has struggled with negative returns during the same periods. This underperformance relative to the benchmark suggests that investor sentiment may be more favorable towards the broader market, which could be contributing to the stock's challenges. Overall, while there is a slight uptick in today's price, the longer-term trends and market context indicate a struggle for New Swan Multitech Ltd.
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