Why is Olympic Cards falling/rising?
As of 10-Oct, Olympic Cards Ltd's stock price has declined to 2.84, down 11.25%, and is underperforming its sector. The stock is trading below all key moving averages and has seen a significant drop in delivery volume, indicating a bearish trend and a year-to-date decline of 28.10%.
As of 10-Oct, Olympic Cards Ltd is experiencing a decline in its stock price, currently at 2.84, which reflects a decrease of 0.36 or 11.25%. The stock has underperformed its sector by 11.43% today and has shown a trend reversal after two consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 39.44% compared to the 5-day average, suggesting a decline in investor participation. Year-to-date, the stock has dropped by 28.10%, while its performance over the past year shows a decrease of 21.55%, further highlighting its struggles in the market.In the broader market context, the Sensex has shown positive returns, gaining 1.59% over the past week and 5.58% year-to-date, contrasting sharply with Olympic Cards' negative performance. This disparity indicates that while the overall market is experiencing growth, Olympic Cards is lagging significantly behind, which may be contributing to the stock's decline. The stock's performance over various periods, including a 5.33% drop over the past month and a 26.61% decrease over the last five years, further emphasizes its underperformance relative to the benchmark.
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