Why is Viaz Tyres falling/rising?
As of 26-Sep, Viaz Tyres Ltd's stock price is at 81.00, down 4.76%, and has underperformed its sector today. Despite recent declines, it has outperformed the Sensex year-to-date and over the past year, indicating strong long-term performance.
As of 26-Sep, Viaz Tyres Ltd is experiencing a decline in its stock price, currently at 81.00, reflecting a decrease of 4.05 or 4.76%. The stock has underperformed its sector today by 3.58%, despite being higher than the 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day and 20-day moving averages. Notably, there has been a significant increase in investor participation, with a delivery volume of 1.22 lacs on 25 September, which is up by 1226.09% compared to the 5-day average. In terms of returns, the stock has seen a 10.50% decline over the past week, while it has performed positively over the past month with a 17.56% increase.In the broader market context, the Sensex has decreased by 2.65% over the past week, indicating that the stock's short-term performance is worse than the benchmark. Year-to-date, Viaz Tyres has outperformed the Sensex with a return of 20.63% compared to the benchmark's 4.27%. Despite the recent decline, the stock has shown strong performance over the longer term, with a 38.34% increase over the past year, contrasting with the Sensex's decline of 5.96%. Overall, while the stock is currently facing downward pressure, its longer-term performance remains robust against the broader market trends.
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