Why is Terai Tea Co falling/rising?
As of 29-Oct, Terai Tea Co Ltd's stock price is Rs 100.51, down 6.06% and nearing its 52-week low, with significant declines in investor participation and negative returns over various periods. This underperformance contrasts sharply with the broader market's positive trends, indicating specific challenges for the company.
As of 29-Oct, Terai Tea Co Ltd is experiencing a decline in its stock price, currently at Rs 100.51, which represents a decrease of Rs 6.48 or 6.06%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 6.88% during this period. It is currently trading close to its 52-week low, just 4.39% above Rs 96.1. Additionally, the stock has shown poor performance over the past week and month, with returns of -2.68% and -3.26%, respectively, while year-to-date returns stand at a significant -40.53%. The stock is also trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 75.73% compared to the five-day average.In the broader market context, the Sensex has shown a positive return of 0.68% over the past week and 5.76% over the past month, contrasting sharply with Terai Tea's negative performance. This divergence highlights the stock's struggles relative to the overall market, which has been performing well. The significant underperformance of Terai Tea Co, both in terms of price movement and investor interest, suggests that it is facing specific challenges that are not affecting the broader market. The lack of positive factors in the provided data further emphasizes the difficulties the company is currently experiencing.
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