Why is Olympic Cards falling/rising?
As of 11-Nov, Olympic Cards Ltd's stock price is at 2.98, down 5.4%, and has underperformed its sector by 4.82%. Despite a recent increase in investor participation, the stock has declined significantly over the past year and year-to-date compared to the broader market.
As of 11-Nov, Olympic Cards Ltd is experiencing a decline in its stock price, currently at 2.98, which reflects a decrease of 0.17 or 5.4%. The stock has underperformed its sector by 4.82% today and has shown a trend reversal, falling after two consecutive days of gains. Despite a recent increase in investor participation, with a delivery volume rise of 140.21% against the 5-day average, the stock remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has decreased by 14.86%, contrasting with the Sensex's gain of 5.50%, indicating a significant underperformance relative to the broader market.In the broader market context, while Olympic Cards has shown a positive return of 2.76% over the past week, this is notably higher than the Sensex's return of 0.49% for the same period. However, the year-to-date performance is concerning, with a decline of 24.56% compared to the Sensex's increase of 7.34%. This stark contrast highlights the challenges faced by Olympic Cards in attracting investor confidence, especially in light of its long-term underperformance over three and five years, where it has fallen by 12.35% and 6.58%, respectively, against the benchmark's substantial gains.
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