Why is Tejnaksh Health. falling/rising?
As of 18-Nov, Tejnaksh Healthcare Ltd's stock price is Rs 16.50, down 1.61%, and has declined 3.34% over the last two days. The stock is underperforming significantly compared to the Sensex, trading below all major moving averages and nearing its 52-week low.
As of 18-Nov, Tejnaksh Healthcare Ltd's stock price is currently at Rs 16.50, reflecting a decrease of Rs 0.27 or 1.61%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.34% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.82% away from Rs 16.2. While there has been a rise in investor participation, with delivery volume increasing by 28.9% against the 5-day average, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 26.70% compared to the Sensex's gain of 8.36%.In the broader market context, Tejnaksh Healthcare's recent performance contrasts sharply with the benchmark Sensex, which has shown positive returns over various periods, including a 0.96% increase over the past week and an 8.36% gain year-to-date. This stark difference highlights the stock's struggles in a generally rising market. The negative performance metrics, including significant declines over 1-year and 3-year periods, further emphasize the challenges faced by the company, suggesting that investor sentiment remains cautious amidst its ongoing downturn.
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