Why is Nihar Info Glob. falling/rising?
As of 11-Nov, Nihar Info Global Ltd is currently priced at 6.49, reflecting a 3.18% increase over the last two days, but it has seen a significant drop in investor participation. Despite the recent rise, the stock is underperforming compared to the broader market, with a year-to-date return of 3.84% versus the Sensex's 7.34%.
As of 11-Nov, Nihar Info Global Ltd is experiencing a price increase, currently at 6.49, with a change of 0.2, representing a 3.18% rise. The stock has been gaining for the last two days, showing a total return of 6.22% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 55.55% against the 5-day average, which could suggest a decrease in market interest. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Nihar Info Global's performance over the past week shows a decline of 0.76%, while the benchmark Sensex has increased by 0.49%. This indicates that the stock is underperforming relative to the broader market in the short term. Over the past month, the stock has decreased by 3.71%, contrasting with the Sensex's gain of 1.66%. Despite the recent price increase, the stock's longer-term performance remains concerning, with a year-to-date return of 3.84%, significantly lower than the Sensex's 7.34% return.
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