Why is Techknowgreen falling/rising?
As of 13-Nov, Techknowgreen Solutions Ltd's stock price has declined to Rs 140.40, down 10.0% and significantly underperforming with a year-to-date drop of 41.74%. The stock is trading below key moving averages, indicating a bearish trend and reduced investor participation.
As of 13-Nov, Techknowgreen Solutions Ltd is experiencing a decline in its stock price, currently at Rs 140.40, which reflects a decrease of Rs 15.6 or 10.0%. The stock has been underperforming significantly, having fallen by 11.95% over the last three days. Today's trading saw the stock reach an intraday high of Rs 160.95 but ultimately closed at its low of Rs 140.40. The stock has also shown high volatility with an intraday volatility of 6.82%. Furthermore, it is trading below all key moving averages, indicating a bearish trend. The delivery volume has decreased by 27.48% compared to the five-day average, suggesting falling investor participation, which may contribute to the stock's downward pressure.In the broader market context, Techknowgreen's performance over the past week and month has been notably poor, with declines of 9.48% and 12.25%, respectively, while the benchmark Sensex has gained 1.40% and 2.61% in the same periods. Year-to-date, the stock has plummeted by 41.74%, contrasting sharply with the Sensex's 8.11% increase. This stark underperformance relative to the benchmark indicates a lack of investor confidence and suggests that the stock is not only struggling in the short term but also facing challenges in regaining traction in the market.
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