Why is Quest Flow falling/rising?
As of 15-Sep, Quest Flow Controls Ltd is currently priced at Rs 287.05, reflecting a recent increase but a significant year-to-date decline of 50.14%. Despite short-term gains, the stock's long-term performance remains troubling, with a 69.20% drop over the past year.
As of 15-Sep, Quest Flow Controls Ltd is experiencing a price increase, currently at Rs 287.05, which reflects a rise of Rs 8.05 or 2.89%. Today's price summary indicates that the stock has outperformed its sector by 2.74% and has gained after two consecutive days of decline, reaching an intraday high of Rs 300, which is a 7.53% increase. However, the stock's performance over the past month shows a decline of 6.28%, and year-to-date, it has dropped significantly by 50.14%. Additionally, the stock's moving averages indicate that while it is higher than the 5-day moving average, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. There has been a noted decrease in investor participation, with delivery volume falling by 0.88% against the 5-day average, which may suggest waning interest.In the broader market context, the stock's short-term return over the past week is +3.07%, which is significantly better than the Sensex's return of +1.24% during the same period. Despite this short-term outperformance, the stock has faced substantial declines over longer periods, including a 69.20% drop over the past year, while the Sensex has only decreased by 1.33%. This stark contrast highlights the challenges Quest Flow Controls Ltd is facing in the market, despite a recent uptick in price. Overall, while the stock is currently rising, its long-term performance remains concerning, and the recent gains may not be enough to offset the broader negative trends.
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