Why is Tanvi Foods falling/rising?
As of 22-Jul, Tanvi Foods (India) Ltd's stock price is Rs 93.10, down 2.21%, and has underperformed significantly with a 41.45% year-to-date decline compared to the Sensex's gain. The stock is in a bearish trend, trading below all major moving averages, despite a notable increase in delivery volume.
As of 22-Jul, Tanvi Foods (India) Ltd is experiencing a decline in its stock price, currently at Rs 93.10, which reflects a decrease of Rs 2.1 or 2.21%. The stock has been underperforming, having lost 6.15% over the last six days, and opened today with a significant gap down of 4.67%. It has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a notable increase in delivery volume, rising by 222.58% against the 5-day average, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 41.45% compared to a 5.18% gain in the Sensex.In the broader market context, Tanvi Foods has significantly underperformed relative to the benchmark index, the Sensex, particularly in the short term, with a 1-week return of -6.05% compared to the Sensex's -0.47%. This stark contrast highlights the stock's struggles amidst a generally stable market environment. The lack of positive factors in the provided data further emphasizes the challenges faced by Tanvi Foods, contributing to its ongoing price decline.
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