Why is Timescan Logist. falling/rising?
As of 09-September, Timescan Logistics (India) Ltd's stock price is 64.80, up 4.94% today, but it has mixed performance overall, with a year-to-date decline of 4.35%. Despite outperforming its sector today, it has lagged behind the Sensex in the short term and shows a significant drop in investor participation.
As of 09-September, Timescan Logistics (India) Ltd is experiencing a price increase, with the current price at 64.80, reflecting a rise of 3.05 or 4.94%. Despite this positive movement today, the stock has shown mixed performance over different periods, with a 1-week decline of 1.29% and a year-to-date drop of 4.35%. However, it has performed better over the past month, gaining 8.09%. Today's performance indicates that the stock has outperformed its sector by 5.35%. The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Notably, there has been a significant decline in investor participation, with delivery volume falling by 72.22% compared to the 5-day average, which may indicate a lack of sustained interest. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movement.Broader market context shows that while Timescan Logistics has outperformed its sector today, it has lagged behind the benchmark Sensex in the short term, which has gained 1.18% over the past week. The stock's year-to-date performance is notably weaker than the Sensex, which has increased by 5.18%. Over the last three years, Timescan has had a positive return of 11.24%, but this is significantly lower than the Sensex's impressive 39.45% return. The overall market sentiment appears to be more favorable towards the benchmark, which may contribute to the stock's volatility and investor caution.
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