Why is Three M Paper falling/rising?
As of 24-Jun, Three M Paper Boards Ltd is currently priced at 48.64, reflecting a recent rise of 1.99% and strong short-term gains, but it has a negative year-to-date performance of -25.74% and a significant decline in delivery volume, which may affect future price movements.
As of 24-Jun, Three M Paper Boards Ltd is experiencing a price increase, currently at 48.64, with a change of 0.95, representing a rise of 1.99%. The stock has shown strong performance recently, gaining 27.16% over the last six days, and has outperformed the sector, which has increased by 2.06%. Additionally, the stock has posted impressive returns over the past week and month, with increases of 21.12% and 26.34%, respectively. However, it is important to note that the stock's year-to-date performance remains negative at -25.74%. The delivery volume has decreased significantly, falling by 59.46% against the five-day average, indicating a decline in investor participation, which could impact future price movements.In the broader market context, the stock's recent performance is notably stronger than the Sensex, which has only increased by 0.58% over the past week and 0.41% over the past month. Despite the stock's positive short-term returns, its year-to-date performance lags behind the benchmark's gain of 5.01%. The liquidity of the stock appears adequate for trading, as it is based on 2% of the five-day average traded value. Overall, while the stock is currently rising, the significant drop in delivery volume and negative year-to-date performance may pose challenges ahead.
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