Why is Quest Laborato. falling/rising?
As of 17-Jul, Quest Laboratories Ltd's stock price is at 92.00, reflecting a decline of 1.02%. Despite a recent increase in trading volume and a 1.94% rise over the past week, the stock has underperformed significantly year-to-date and over the past year compared to its sector and the broader market.
As of 17-Jul, Quest Laboratories Ltd is experiencing a decline in its stock price, currently at 92.00, which reflects a decrease of 0.95 or 1.02%. The stock has underperformed its sector by 1.44% today, despite showing higher performance than its 5-day and 20-day moving averages. However, it remains below its 50-day, 100-day, and 200-day moving averages. In terms of returns, the stock has seen a 1.94% increase over the past week, but it has a year-to-date decline of 24.00% and a one-year decline of 35.78%. There is a notable increase in investor participation, with delivery volume rising by 200.85% against the 5-day average, indicating some interest despite the overall negative performance.In the broader market context, the Sensex has shown a decline of 0.96% over the past week, while Quest Laboratories has outperformed this benchmark during the same period. However, over the longer term, the stock's performance has significantly lagged behind the Sensex, which has gained 6.20% year-to-date. This disparity highlights the challenges faced by Quest Laboratories in maintaining investor confidence and market traction, despite some positive indicators such as increased trading volume. Overall, the combination of underperformance relative to the sector and broader market trends contributes to the stock's current downward movement.
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