Why is T N Telecom. falling/rising?
As of 17-Nov, Tamil Nadu Telecommunications Ltd's stock price is 11.56, down 2.61% and has fallen 6.92% over the last two days. The stock is trading below all major moving averages, indicating a bearish trend, and has significantly underperformed compared to the Sensex over various time frames.
As of 17-Nov, Tamil Nadu Telecommunications Ltd is experiencing a decline in its stock price, currently at 11.56, which reflects a decrease of 0.31 or 2.61%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.92% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a drop of 43.44% compared to the 5-day average, suggesting a reduction in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's short-term performance over the past week shows a gain of 1.49%, which is slightly lower than the benchmark Sensex's gain of 1.69%. However, over the past month, Tamil Nadu Telecommunications Ltd has significantly underperformed, with a decline of 13.47% compared to the Sensex's modest increase of 1.19%. Year-to-date, the stock has also fallen by 6.62%, contrasting sharply with the Sensex's gain of 8.72%. This underperformance in both short-term and long-term metrics highlights the challenges faced by the stock in the current market environment.
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