Why is True Green falling/rising?
As of 15-Oct, True Green Bio Energy Ltd's stock price is Rs 70.78, down 4.99% and reflecting a decline of 10.8% over the last four days. Despite a strong long-term performance, recent trends indicate negative investor sentiment and significant underperformance compared to the broader market.
As of 15-Oct, True Green Bio Energy Ltd's stock price is currently at Rs 70.78, reflecting a decline of Rs 3.72 or 4.99%. The stock has been underperforming, having lost 10.8% over the last four days, and it has consistently fallen for four consecutive days. Today's trading saw the stock touch an intraday low of Rs 70.78, and the volume traded was closer to this low price, indicating a lack of buying interest. Additionally, the stock's delivery volume has decreased significantly, falling by 59.85% compared to the 5-day average, suggesting a drop in investor participation. The stock's performance over the past week shows a decline of 9.07%, while it has gained 28.64% over the past month, indicating volatility in its recent price movements.In the broader market context, the Sensex has shown a positive return of 1.02% over the past week, contrasting sharply with True Green's negative performance. Year-to-date, True Green's stock has declined by 35.65%, while the Sensex has increased by 5.72%. This disparity highlights the stock's struggles relative to the overall market. Despite a strong performance over the longer term, with a 196.15% increase over three years and a remarkable 925.80% rise over five years, the recent trends suggest that investor sentiment has turned negative, contributing to the stock's current decline.
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