Why is Thakkers Develp. falling/rising?
As of 18-Nov, Thakkers Developers Ltd's stock price is at 150.00, down 2.95 (-1.93%), reflecting a bearish trend with a total return of -4.46% over the past week. Despite a significant increase in investor participation, the stock has underperformed compared to the Sensex, which has gained 0.96% in the same period.
As of 18-Nov, Thakkers Developers Ltd is experiencing a decline in its stock price, currently at 150.00, reflecting a decrease of 2.95 (-1.93%). The stock has been on a downward trend, having fallen for the last two days and showing a total return of -4.46% over the past week. It opened with a loss of 2.58% today and reached an intraday low of Rs 149. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, there has been a significant increase in investor participation, with delivery volume rising by 979.31% against the 5-day average, suggesting some interest despite the overall decline. There are no positive or negative factors available to further explain the recent movement.Broader Market Context: In comparison to the benchmark, the Sensex has shown a positive return of +0.96% over the past week, while Thakkers Developers Ltd has declined by 4.46%. This stark contrast highlights the underperformance of the stock relative to the broader market. Year-to-date, the stock has decreased by 24.22%, while the Sensex has gained 8.36%, further emphasizing the challenges faced by Thakkers Developers Ltd in the current market environment.
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