Why is Viaz Tyres falling/rising?
As of 18-Sep, Viaz Tyres Ltd is priced at 90.50, having risen 1.34% over the day and 29.84% over the past month, outperforming the Sensex. However, a 92.31% drop in delivery volume and mixed moving average signals suggest potential volatility despite its strong longer-term performance.
As of 18-Sep, Viaz Tyres Ltd is currently priced at 90.50, reflecting a rise of 1.2, or 1.34%. The stock has shown a strong performance over the past month with a return of 29.84%, significantly outperforming the Sensex, which has only increased by 2.20% during the same period. However, despite this positive trend, there has been a notable decline in investor participation, with delivery volume dropping by 92.31% against the 5-day average. The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, but is below its 5-day moving average, indicating mixed signals in the short term.Broader market context shows that while Viaz Tyres has outperformed the benchmark in the short term, its 1-week performance has been negative at -6.31%, contrasting sharply with the Sensex's gain of 1.67%. This suggests that despite a strong monthly and yearly performance, recent trading activity may be causing concern among investors, leading to the decline in participation. Overall, the stock's recent rise can be attributed to its strong longer-term performance, but the significant drop in delivery volume and mixed moving average signals indicate potential volatility ahead.
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