Why is Uniroyal Marine falling/rising?
As of 19-Nov, Uniroyal Marine Exports Ltd is priced at Rs. 12.25, having increased by 1.49% recently but is underperforming its sector and has hit a new 52-week low. The stock has declined significantly over the past week and year-to-date, with reduced investor interest contributing to its struggles.
As of 19-Nov, Uniroyal Marine Exports Ltd is currently priced at Rs. 12.25, reflecting an increase of Rs. 0.18, or 1.49%. The stock has shown a positive movement over the last two days, gaining 6.52% in this period. However, it has recently hit a new 52-week low of Rs. 11.47 and has underperformed its sector by 6.75%. Additionally, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 8.58%, and its year-to-date performance shows a significant drop of 41.11%. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.85% over the past week, Uniroyal Marine's performance has been notably weaker. The broader aquaculture sector has seen an increase of 8.19%, further highlighting the stock's underperformance. The decline in investor participation, with a 33.44% drop in delivery volume against the 5-day average, suggests a lack of interest in the stock, which may contribute to its recent struggles in the market.
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