Why is Unimech Aero. falling/rising?
As of 23-Sep, Unimech Aerospace and Manufacturing Ltd's stock price is declining at 1,048.00, down 1.69%, and has underperformed its sector. The stock has dropped 5.2% over the last two days and is trading below all key moving averages, indicating a bearish trend and reduced investor participation.
As of 23-Sep, Unimech Aerospace and Manufacturing Ltd is experiencing a decline in its stock price, currently at 1,048.00, which reflects a decrease of 18.0 points or 1.69%. The stock has underperformed its sector by 1.03% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.2% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent trading volume has also shown a significant decline, with delivery volume dropping by 48.98% compared to the 5-day average, suggesting reduced investor participation. The stock has seen a high of Rs 1088.05 and a low of Rs 1042.65 during the day, further highlighting its volatility.In the broader market context, Unimech's performance over the past week shows a decline of 5.64%, while the Sensex has only decreased by 0.34%, indicating a significant underperformance relative to the benchmark. Over the past month, Unimech has fallen by 4.15%, contrasting with the Sensex's gain of 0.98%. Year-to-date, the stock has plummeted by 23.68%, while the Sensex has risen by 5.07%. This stark difference in performance underscores the challenges Unimech is facing in the current market environment, contributing to the downward pressure on its stock price.
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