Why is Oriental Trimex falling/rising?
As of 17-Nov, Oriental Trimex Ltd's stock price is declining at 9.30, down 1.69%, and has underperformed its sector. Despite a significant increase in delivery volume, the stock has seen negative returns over the past week and month, contrasting sharply with the positive performance of the broader market.
As of 17-Nov, Oriental Trimex Ltd is experiencing a decline in its stock price, currently at 9.30, which reflects a decrease of 0.16 or 1.69%. The stock has underperformed its sector by 2.1% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -3.53%, and over the past month, it has declined by 6.44%. Despite a significant increase in delivery volume by 557.63% on November 14, the overall performance remains weak, with no positive factors noted to counterbalance the negative trends.In the broader market context, the Sensex has shown a positive return of 1.69% over the past week, contrasting sharply with Oriental Trimex's decline. This disparity highlights the stock's underperformance relative to the benchmark, which has also gained 1.19% over the past month. The year-to-date performance of Oriental Trimex is down by 1.59%, while the Sensex has risen by 8.72%, further illustrating the stock's struggles in a generally favorable market environment.
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