Why is Unjha Formul. falling/rising?
As of 07-Aug, Unjha Formulations Ltd's stock price is at 24.40, having increased by 0.58% recently, but it has declined 5.79% over the past week and 19.71% year-to-date. Despite outperforming the Sensex over the past month, the stock's overall performance remains weak compared to the broader market.
As of 07-Aug, Unjha Formulations Ltd's stock price is currently at 24.40, reflecting an increase of 0.14 or 0.58%. The stock has been gaining for the last two days, with a total return of 1.12% during this period. However, despite this recent uptick, the stock has experienced a decline of 5.79% over the past week and a significant drop of 19.71% year-to-date. The delivery volume has decreased by 63.99% compared to the 5-day average, indicating falling investor participation, which could be a concern for sustained price increases. Additionally, while the stock is currently above the 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages, suggesting mixed momentum.In the broader market context, the Sensex has declined by 0.69% over the past week, which is less than the stock's decline, indicating that the stock is underperforming relative to the benchmark in the short term. However, over the past month, Unjha Formulations Ltd has outperformed the Sensex, gaining 6.13% compared to the benchmark's loss of 3.38%. This contrast highlights that while the stock has had a positive month, its overall year-to-date performance remains weak compared to the broader market, which has gained 3.18%.
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