Why is The Byke Hospi. falling/rising?
As of 13-Oct, The Byke Hospitality Ltd's stock price is Rs 64.94, down 2.4%, and has declined 6.33% over the last three days, trading below all key moving averages. The stock has underperformed significantly compared to the Sensex, with a year-to-date drop of 33.05%.
As of 13-Oct, The Byke Hospitality Ltd is experiencing a decline in its stock price, currently at Rs 64.94, which reflects a decrease of Rs 1.6 or 2.4%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.33% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a drop of 38.82% compared to the 5-day average, suggesting a reduction in investor participation. There is no information available regarding positive or negative factors affecting the stock.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.66% over the past week, The Byke Hospitality Ltd has seen a slight decline of 0.08%. Over the past month, the stock has underperformed significantly, with a drop of 7.64% while the Sensex has increased by 0.52%. Year-to-date, the stock has decreased by 33.05%, contrasting sharply with the Sensex's gain of 5.36%. This underperformance relative to the broader market may contribute to the negative sentiment surrounding the stock, further exacerbating its recent price decline.
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