Why is Veekayem Fash. falling/rising?
As of 09-Sep, Veekayem Fashion & Apparels Ltd is priced at 311.90, down 0.34%, and has underperformed its sector today. Despite a recent decline, the stock shows a positive long-term trend with a 28.91% increase over the past month and a 36.80% rise year-to-date, although it has faced short-term challenges compared to the benchmark Sensex.
As of 09-Sep, Veekayem Fashion & Apparels Ltd is currently priced at 311.90, reflecting a decrease of 1.05, or 0.34%. The stock has underperformed its sector today by 0.36%. Despite this decline, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. Over the past month, the stock has shown a significant increase of 28.91%, and year-to-date, it has risen by 36.80%. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 44.07% compared to the 5-day average, suggesting growing interest in the stock. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Veekayem's short-term performance over the past week shows a decline of 1.92%, while the benchmark Sensex has gained 1.18%. This underperformance relative to the benchmark indicates that while the stock has had strong returns over longer periods, it is currently facing challenges in the short term compared to the overall market. The stock's liquidity is adequate for trading, as it represents 2% of the 5-day average traded value, which may also contribute to its current price dynamics.
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