Why is Triveni Glass falling/rising?
As of 11-Nov, Triveni Glass Ltd's stock price is declining at 12.14, down 6.47%, with significant underperformance compared to the Sensex. The stock is trading below all major moving averages and has seen a 37.90% drop year-to-date, indicating a bearish trend and reduced investor interest.
As of 11-Nov, Triveni Glass Ltd is experiencing a decline in its stock price, currently at 12.14, which represents a decrease of 0.84 or 6.47%. The stock has underperformed significantly, with a 1-week return of -7.61% and a 1-month return of -12.03%, while the benchmark Sensex has shown positive returns of +0.49% and +1.66%, respectively. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable drop in investor participation, with delivery volume falling by 46.76% compared to the 5-day average, which suggests reduced interest in trading the stock.In the broader market context, Triveni Glass's performance contrasts sharply with the Sensex, which has gained 7.34% year-to-date, while Triveni Glass has plummeted by 37.90% in the same period. This stark difference highlights the stock's struggles relative to the overall market. The lack of positive factors in the provided data further emphasizes the challenges faced by Triveni Glass, contributing to its recent price decline.
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