Why is Unimech Aero. falling/rising?
As of 28-Aug, Unimech Aerospace and Manufacturing Ltd's stock price is 1,045.90, down 1.47%, with a significant decline in investor participation and consistent underperformance compared to the broader market, as it has dropped 23.83% year-to-date.
As of 28-Aug, Unimech Aerospace and Manufacturing Ltd is experiencing a decline in its stock price, currently at 1,045.90, which reflects a decrease of 15.6 points or 1.47%. The stock has been underperforming, having lost 4.34% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 83.03% compared to the 5-day average. The stock's performance over the past week and month shows a decline of 3.22% and 9.05%, respectively, indicating a consistent downward trend.In the broader market context, the Sensex has also shown a decline, but at a lesser rate of 2.34% over the past week and 1.00% over the past month. Despite the market's downturn, Unimech's performance has been notably worse, particularly year-to-date, where it has dropped 23.83% compared to a 2.48% increase in the Sensex. This stark contrast highlights the company's struggles relative to the broader market, contributing to the negative sentiment surrounding its stock.
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