Why is Timescan Logist. falling/rising?
As of 01-October, Timescan Logistics (India) Ltd has seen a price increase to 52.00, up 4.94%, but has declined 20.79% over the past month and 23.25% year-to-date. While it outperformed the Sensex in the short term, its long-term performance remains troubling with a 37.58% drop over the past year.
As of 01-October, Timescan Logistics (India) Ltd is experiencing a price increase, with the current price at 52.00, reflecting a rise of 2.45 or 4.94%. The stock has outperformed its sector today by 4.15%. However, despite this positive movement, the stock has shown a significant decline over the past month, down 20.79%, and a year-to-date decrease of 23.25%. The delivery volume has notably fallen by 90.57% against the 5-day average, indicating a drop in investor participation. Additionally, while the stock is currently above its 5-day moving average, it remains below the longer-term moving averages, suggesting mixed signals regarding its performance trajectory.In the broader market context, the stock's short-term return of +4.52% over the past week contrasts sharply with the Sensex, which has declined by 0.88% during the same period. This indicates that Timescan Logistics is performing relatively well compared to the benchmark in the short term. However, the stock's longer-term performance remains concerning, with a substantial decline of 37.58% over the past year compared to the Sensex's drop of only 3.72%. This divergence highlights the challenges faced by Timescan Logistics despite its recent price increase.
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