Why is Quality Power El falling/rising?
As of 17-Jul, Quality Power Electrical Equipments Ltd's stock price has risen to 865.35, marking an 8.29% increase and reaching a new all-time high of Rs. 890. Despite a significant drop in delivery volume, the stock has outperformed the market, gaining 60.32% over the past month compared to a 0.83% increase in the Sensex.
As of 17-Jul, Quality Power Electrical Equipments Ltd is experiencing a significant rise in its stock price, currently at 865.35, reflecting an increase of 66.25 or 8.29%. The stock has recently hit a new 52-week and all-time high of Rs. 890 today, marking an intraday high increase of 11.38%. Over the past week, the stock has outperformed its sector by 8.12% and has gained 11.77% over the last two days. However, it is noteworthy that the delivery volume has decreased by 51.45% compared to the five-day average, indicating a decline in investor participation. The stock is trading above its moving averages across various time frames, suggesting a strong upward trend.In the broader market context, Quality Power's one-week return of +6.93% stands in stark contrast to the Sensex, which has declined by 1.12% during the same period. This outperformance highlights the stock's strength relative to the market. Over the past month, the stock has surged by 60.32%, while the Sensex has only increased by 0.83%. This substantial difference in performance suggests that Quality Power is attracting investor interest despite the overall market conditions.
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