Why is Transpek Inds. falling/rising?
As of 24-Sep, Transpek Industry Ltd's stock price is Rs 1,304.00, down 1.95% today and significantly underperforming its sector and the broader market. The stock has declined 16.94% year-to-date and 23.09% over the past year, indicating a bearish trend despite increased investor participation.
As of 24-Sep, Transpek Industry Ltd's stock price is currently at Rs 1,304.00, reflecting a decline of Rs 26.0 or 1.95%. The stock has underperformed its sector by 1.46% today, having touched an intraday low of Rs 1,295.5, which represents a decrease of 2.59%. Over the past week, the stock has seen a return of -2.69%, and its performance over the last month shows a significant decline of 10.87%. Year-to-date, the stock is down 16.94%, and over the past year, it has decreased by 23.09%. The stock is currently trading below all its moving averages, indicating a bearish trend. However, there has been a rise in investor participation, with delivery volume increasing by 58.07% compared to the 5-day average, suggesting some interest despite the overall decline.In the broader market context, the Sensex has shown a more stable performance, with a slight increase of 0.50% over the past month, contrasting sharply with Transpek's significant decline. The stock's year-to-date performance is notably worse than the Sensex, which has gained 4.58% during the same period. This disparity highlights the stock's struggles relative to the overall market, further exacerbated by its long-term underperformance over the past three and five years, where it has fallen by 23.30% and 27.15%, respectively, compared to the Sensex's substantial gains.
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