Why is TGB Banquets falling/rising?
As of 15-Sep, TGB Banquets & Hotels Ltd's stock price is declining at 11.56, down 2.36%, and has underperformed its sector and the benchmark Sensex. The stock has seen significant drops year-to-date and over the past year, coupled with reduced investor participation.
As of 15-Sep, TGB Banquets & Hotels Ltd is experiencing a decline in its stock price, currently at 11.56, which reflects a decrease of 0.28 or 2.36%. The stock has underperformed its sector by 3.57% today and has fallen after two consecutive days of gains. Additionally, the stock's performance over various periods shows a year-to-date decline of 16.53% and a one-year drop of 24.00%. The moving averages indicate that the stock is currently higher than the 100-day moving average but lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 34.16% against the 5-day average.In the broader market context, the stock's short-term performance over the past week shows a decline of 1.70%, while the benchmark Sensex has increased by 1.24%. This indicates that TGB Banquets is not only underperforming relative to its sector but also lagging behind the overall market. The year-to-date and one-year returns further highlight the stock's struggles compared to the Sensex, which has gained 4.67% year-to-date and declined only 1.33% over the past year. Overall, the combination of declining investor interest and poor performance relative to both the sector and the benchmark contributes to the stock's downward movement.
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