Why is Viaz Tyres falling/rising?
As of 12-Sep, Viaz Tyres Ltd is currently priced at Rs. 97.75, having reached a new high of Rs. 99.55, and has significantly outperformed its sector and the Sensex. The stock shows strong momentum with a year-to-date rise of 45.57% and increased investor participation, indicating bullish sentiment.
As of 12-Sep, Viaz Tyres Ltd is experiencing a price increase, currently at Rs. 97.75, reflecting a rise of 1.15 or 1.19%. The stock has recently hit a new 52-week and all-time high of Rs. 99.55 today. It has outperformed its sector by 1.69% and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 233.33% against the 5-day average. The stock's performance over various periods shows impressive returns, with a 1-week increase of 21.73% and a year-to-date rise of 45.57%, indicating strong momentum.In the broader market context, Viaz Tyres has significantly outperformed the Sensex, which has only increased by 1.51% over the past week and 6.21% year-to-date. This stark contrast highlights the stock's robust performance relative to the benchmark. While there are no specific positive or negative factors listed, the overall trends in trading volume and price movements suggest a strong bullish sentiment among investors, contributing to the stock's rising trajectory.
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