Why is Timescan Logist. falling/rising?
As of 29-Sep, Timescan Logistics (India) Ltd's stock price is at 47.20, down 4.93%, and has significantly underperformed its sector and the Sensex. Despite a notable increase in delivery volume, the stock has declined 30.33% year-to-date, indicating weak investor sentiment.
As of 29-Sep, Timescan Logistics (India) Ltd is experiencing a decline in its stock price, currently at 47.20, which reflects a decrease of 2.45 or 4.93%. The stock has underperformed its sector by 4.42% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 14.34%, and its year-to-date performance shows a decline of 30.33%. However, there has been a notable increase in investor participation, with delivery volume rising by 82.93% against the 5-day average, indicating some interest despite the overall negative trend. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Timescan Logistics has underperformed compared to the Sensex, which has only declined by 2.25% over the past week while Timescan's drop was much steeper. The stock's year-to-date performance is also concerning, as it has fallen by 30.33%, contrasting sharply with the Sensex's gain of 4.19% in the same period. This significant underperformance relative to the benchmark suggests that investor sentiment towards Timescan Logistics is weak, contributing to the ongoing decline in its stock price.
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