Why is Tirupati Tyres falling/rising?
As of 19-Sep, Tirupati Tyres Ltd's stock price is at 9.98, reflecting a slight decline of 0.1%. Despite a recent trend reversal and increased investor participation, the stock has significantly underperformed year-to-date and over the past year compared to the Sensex.
As of 19-Sep, Tirupati Tyres Ltd is experiencing a slight decline in its stock price, currently at 9.98, reflecting a decrease of 0.01 or 0.1%. The stock has shown a trend reversal, having fallen after two consecutive days of gains. Although it outperformed its sector by 0.36% today, its year-to-date performance remains significantly negative at -23.11%, and it has dropped 47.39% over the past year. The stock is currently trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 32.88% against the 5-day average, indicating some interest despite the overall decline.In the broader market context, the stock's short-term performance has not matched that of the benchmark, with the Sensex gaining 0.88% over the past week while Tirupati Tyres remained flat. Over the past month, the stock has decreased by 0.20%, contrasting with a 1.20% increase in the Sensex. This underperformance is further highlighted by the stark difference in returns over the last three years, where Tirupati Tyres has plummeted by 62.20%, while the Sensex has risen by 39.71%. The lack of positive factors in the dashboard suggests that there are no significant catalysts currently supporting the stock's price, contributing to its ongoing decline.
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