Why is Olympic Cards falling/rising?
As of 04-Nov, Olympic Cards Ltd's stock price is declining at 2.90, down 5.84%, and has underperformed its sector. The stock is trading below all major moving averages and has seen a significant drop in delivery volume, indicating weak investor interest and a bearish trend.
As of 04-Nov, Olympic Cards Ltd is experiencing a decline in its stock price, currently at 2.90, reflecting a decrease of 0.18 or 5.84%. The stock has underperformed its sector by 6.22% today and has been on a consecutive downward trend for the last two days, with a total drop of 6.15% in that period. Additionally, the stock 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 seen a significant drop, falling by 99.69% against the 5-day average, suggesting a lack of investor interest. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Olympic Cards has shown a negative return of 1.36% over the past week, which is slightly better than the Sensex's decline of 1.38%. However, over the past month, the stock has decreased by 4.92%, contrasting sharply with the Sensex's gain of 2.77%. Year-to-date, Olympic Cards has significantly underperformed, with a decline of 26.58% compared to the Sensex's increase of 6.81%. This consistent underperformance against the benchmark indicates that the stock is struggling to attract investor confidence in the current market environment.
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