Why is T N Telecom. falling/rising?
As of 06-Nov, Tamil Nadu Telecommunications Ltd's stock price is declining at 11.52, down 4.87%, and underperforming its sector. Despite strong long-term gains, recent trends show a significant drop in investor participation and a stark contrast to the broader market's performance.
As of 06-Nov, Tamil Nadu Telecommunications Ltd is experiencing a decline in its stock price, currently at 11.52, which represents a decrease of 0.59 or 4.87%. The stock has underperformed its sector by 2.13% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.11% compared to the 5-day average. Over the past week, the stock has decreased by 6.19%, while its year-to-date performance shows a decline of 6.95%. Despite a strong long-term performance with a 49.61% increase over three years and an impressive 800% rise over five years, the recent trends indicate a negative shift.In the broader market context, the Sensex has only fallen by 1.30% over the past week, indicating that the decline in Tamil Nadu Telecommunications Ltd's stock is more pronounced than the overall market. While the stock has outperformed the benchmark over the past year with a gain of 13.72%, its recent performance contrasts sharply with the Sensex's year-to-date increase of 6.62%. This suggests that the stock's current struggles are not reflective of the broader market trends, which may be contributing to investor concerns and the stock's downward movement.
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