Why is Tirupati Tyres falling/rising?
As of 24-Oct, Tirupati Tyres Ltd's stock price is declining at 8.90, down 3.05% and underperforming against the market, with significant losses over various timeframes. The stock is trading below all key moving averages, indicating a bearish trend despite increased investor participation.
As of 24-Oct, Tirupati Tyres Ltd is experiencing a decline in its stock price, currently at 8.90, which reflects a decrease of 0.28 or 3.05%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.82% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 26.87% against the 5-day average, the stock's performance over the past week, month, year-to-date, and year has been notably poor, with declines of 0.11%, 9.83%, 31.43%, and 35.27%, respectively. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.31% over the past week and 3.05% over the past month, Tirupati Tyres has significantly underperformed, with a 1-week return of -0.11% and a 1-month return of -9.83%. This stark contrast highlights the stock's struggles relative to the broader market, as it has not only lagged behind in the short term but also shows a substantial decline over longer periods, including a 57.42% drop over the last three years, while the Sensex has increased by 40.75% in the same timeframe.
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