Why is Tips Music falling/rising?
As of 07-Aug, Tips Music Ltd is priced at 585.25, down 1.23%, and has underperformed its sector. The stock has shown a significant decline over the past month and year-to-date, indicating ongoing challenges despite a slight improvement compared to the broader market in the short term.
As of 07-Aug, Tips Music Ltd is currently priced at 585.25, reflecting a decrease of 7.3, or 1.23%. The stock has underperformed its sector by 1.18% today and has experienced a trend reversal, falling after two consecutive days of gains. During the trading session, the stock reached an intraday high of Rs 613, marking a 3.45% increase, but also hit a low of Rs 576.7, which is a decline of 2.67%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, falling by 35.15% compared to the 5-day average, indicating a drop in investor participation. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.In terms of broader market context, Tips Music Ltd has shown a short-term return of -0.63% over the past week, which is slightly better than the Sensex's decline of -0.69%. However, over the past month, the stock has significantly underperformed, with a return of -13.24% compared to the Sensex's -3.38%. Year-to-date, Tips Music has declined by 23.36%, while the Sensex has increased by 3.18%. This stark contrast in performance suggests that while the broader market has been relatively stable or growing, Tips Music Ltd is facing challenges that are contributing to its declining stock price.
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