Why is Timescan Logist. falling/rising?
As of 18-Jul, Timescan Logistics (India) Ltd's stock price is declining at 54.50, down 3.8%, with significant underperformance compared to its sector and the broader market. The stock has seen a 19.56% year-to-date drop, indicating a bearish trend and reduced investor participation.
As of 18-Jul, Timescan Logistics (India) Ltd is experiencing a decline in its stock price, currently at 54.50, which reflects a decrease of 2.15 or 3.8%. The stock has underperformed its sector by 3.03% today, and its delivery volume has fallen by 28.57% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has dropped by 13.08%, while it has also shown negative returns of 9.84% over the past month and 19.56% year-to-date. The stock is currently trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages, suggesting a bearish trend in the short term.In the broader market context, the Sensex has only declined by 0.72% over the past week, contrasting sharply with Timescan's significant drop. While the benchmark has shown a positive return of 5.60% year-to-date, Timescan's performance has been notably poor, with a year-to-date decline of 19.56%. This disparity highlights the stock's underperformance relative to the market, which may be contributing to the negative sentiment among investors. Overall, the combination of falling investor participation and the stock's inability to keep pace with the benchmark suggests a challenging environment for Timescan Logistics.
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