Why is Subex falling/rising?
As of 13-Nov, Subex Ltd's stock price is at 12.90, down 0.85%, with a significant year-to-date decline of 41.20%. Despite a recent increase in delivery volume and better short-term performance compared to the Sensex, the stock continues to struggle overall.
As of 13-Nov, Subex Ltd's stock price is currently at 12.90, reflecting a decrease of 0.11, or 0.85%. The stock has been underperforming, having lost 5.01% over the last two days, and it has also shown a significant decline of 41.20% year-to-date. While the stock's performance today has underperformed its sector by 0.31%, it is noteworthy that the delivery volume has increased by 46.97% compared to the 5-day average, indicating rising investor participation. Additionally, the stock is currently trading above its 5-day and 50-day moving averages but below its 20-day, 100-day, and 200-day moving averages, suggesting mixed signals regarding its short-term momentum. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Subex's short-term performance over the past week shows a gain of 3.12%, which is significantly better than the Sensex's increase of 1.40%. However, the stock's longer-term performance is concerning, with a decline of 8.05% over the past month compared to the Sensex's gain of 2.61%. This disparity highlights the stock's struggles relative to the overall market, particularly given its substantial year-to-date and yearly declines of 41.20% and 43.74%, respectively, against the backdrop of the Sensex's positive performance.
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