Why is Quality Power El falling/rising?
As of 13-Nov, Quality Power Electrical Equipments Ltd's stock price is Rs 836.90, down 6.57%, and has underperformed its sector by 7.07%. The stock has shown significant volatility and a decline of 10.50% over the past week, contrasting with the Sensex's gain of 1.40%.
As of 13-Nov, Quality Power Electrical Equipments Ltd is experiencing a decline in its stock price, currently at Rs 836.90, which reflects a decrease of Rs 58.85 or 6.57%. The stock has underperformed its sector by 7.07% today and has been on a downward trend for the last two days, accumulating a total loss of 6.83%. Although the stock opened with a gain of 3.54% and reached an intraday high of Rs 935, it also hit a low of Rs 826, indicating significant volatility with a wide trading range of Rs 109. Additionally, the stock's delivery volume has decreased by 30.92% compared to the five-day average, suggesting falling investor participation. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed technical signals.In the broader market context, the stock's performance over the past week shows a decline of 10.50%, while the benchmark Sensex has gained 1.40%. Over the past month, the stock has fallen by 14.04%, contrasting sharply with the Sensex's increase of 2.61%. This underperformance highlights the stock's struggles relative to the overall market, which may be contributing to investor sentiment and the recent price decline. The high volatility and reduced trading volume further emphasize the challenges faced by Quality Power Electrical Equipments Ltd in the current market environment.
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