Why is Tyroon Tea Co. falling/rising?
As of 23-Sep, Tyroon Tea Company Ltd's stock price is 102.40, down 0.24%, and is trading below all key moving averages, indicating a bearish trend. Despite a recent 3.80% gain over the past week, the stock has underperformed significantly year-to-date and over the past year compared to the benchmark Sensex.
As of 23-Sep, Tyroon Tea Company Ltd is experiencing a decline in its stock price, currently at 102.40, which represents a decrease of 0.25 or 0.24%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 60.15% compared to the 5-day average. Over the past week, the stock has shown a positive return of 3.80%, but it has underperformed in the longer term, with a year-to-date decline of 13.77% and a one-year decline of 12.63%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, while Tyroon Tea Company has gained 3.80% over the past week, the benchmark Sensex has seen a slight decline of 0.34% during the same period. However, in the longer term, the stock has significantly underperformed the benchmark, with a year-to-date return of -13.77% compared to the Sensex's positive return of 5.07%. This disparity suggests that while the stock may have had a brief uptick recently, its overall performance remains weak relative to the broader market, contributing to the downward pressure on its price.
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