Why is Veejay Lak. Eng. falling/rising?
As of 13-Nov, Veejay Lakshmi Engineering Works Ltd's stock price is Rs 54.99, down 4.33%, and has underperformed its sector today. Despite a recent increase in investor participation, the stock has declined 38.18% year-to-date, contrasting with the Sensex's gain of 8.11%.
As of 13-Nov, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 54.99, which represents a decrease of Rs 2.49 or 4.33%. The stock has underperformed its sector by 4.3% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 52, reflecting a significant drop of 9.53%. The stock has shown high volatility today with an intraday volatility of 5%, and while it is trading above the 20-day and 50-day moving averages, it remains below the 5-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 198.5% against the 5-day average, indicating some interest despite the price drop. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.In the broader market context, the stock's performance over the past week shows a decline of 4.27%, while the benchmark Sensex has gained 1.40%. Over the past month, Veejay Lakshmi Engineering Works Ltd has outperformed the benchmark with a return of 4.46% compared to the Sensex's 2.61%. However, year-to-date, the stock has significantly underperformed, with a decline of 38.18% against the Sensex's gain of 8.11%. This stark contrast in performance highlights the challenges faced by the company in the current market environment, despite some positive trends in recent trading activity.
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