Why is Vandana Knitwear falling/rising?
As of 24-Jun, Vandana Knitwear Ltd's stock price is at 17.24, down 1.99% after eight consecutive days of decline totaling 14.74%. Despite strong long-term returns, recent performance has been negative, contrasting with a slight gain in the broader market.
As of 24-Jun, Vandana Knitwear Ltd's stock price is currently at 17.24, reflecting a decrease of 0.35, or 1.99%. The stock has been underperforming, having fallen for the last eight consecutive days, resulting in a total decline of 14.74% during this period. Although the stock has shown impressive long-term returns, such as a 266.03% increase over the past year and a staggering 5646.67% over the last five years, its recent performance has been negative. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 232.01% against the 5-day average, indicating some interest despite the recent price decline. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Vandana Knitwear's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.58% over the past week while the stock has decreased by 9.50%. This underperformance suggests that while the overall market is experiencing a slight uptick, Vandana Knitwear is facing specific challenges that are leading to its decline. Despite a strong year-to-date performance of 72.57% compared to the Sensex's 5.01%, the current trend indicates a significant short-term struggle for the stock amidst a generally stable market environment.
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