Why is Tuni Text. Mills falling/rising?
As of 18-Nov, Tuni Textile Mills Ltd is facing a decline in its stock price, currently at 1.30, down 1.52% and significantly underperforming with a 20.25% drop over the last three days. The stock is trading below all key moving averages, indicating a bearish trend and decreased investor participation.
As of 18-Nov, Tuni Textile Mills Ltd is experiencing a decline in its stock price, currently at 1.30, which reflects a decrease of 0.02 or 1.52%. The stock has been underperforming, having fallen for the last three days, resulting in a significant drop of 20.25% in returns during this period. Additionally, Tuni Textile Mills is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 41.75% compared to the 5-day average, suggesting a decline in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Tuni Textile Mills has underperformed compared to the Sensex, which has gained 0.96% over the past week while Tuni's stock has dropped by 3.70%. Year-to-date, Tuni's stock has decreased by 27.78%, contrasting sharply with the Sensex's increase of 8.36%. This stark difference highlights the challenges faced by Tuni Textile Mills in the current market environment, further exacerbated by its recent performance trends and declining investor interest.
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