Why is Tavernier Res. falling/rising?
As of 29-Sep, Tavernier Resources Ltd's stock price is Rs 51.09, down 4.98% and has fallen 9.72% over the last two days. The stock has significantly underperformed its sector and the broader market, indicating declining investor interest and negative market conditions.
As of 29-Sep, Tavernier Resources Ltd is experiencing a decline in its stock price, currently at Rs 51.09, which reflects a decrease of 2.68 or 4.98%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 9.72% during this period. Although it opened with a gain of 2.06% today and reached an intraday high of Rs 54.88, it ultimately closed at its day's low. Additionally, the stock has underperformed its sector by 5.61%. The recent performance metrics indicate a significant drop in investor participation, with delivery volume decreasing by 23.14% against the 5-day average, which may contribute to the stock's downward trend.In the broader market context, Tavernier Resources Ltd has shown a short-term return of -10.67% over the past week, significantly underperforming the Sensex, which has only declined by 2.18%. Over the past month, the stock has also fallen by 11.18%, while the benchmark has gained 0.70%. This stark contrast highlights the stock's struggles relative to the market. Despite its impressive long-term returns over three and five years, the recent performance suggests that current market conditions and declining investor interest are negatively impacting the stock's price movement.
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