Why is Viaz Tyres falling/rising?
As of 30-Oct, Viaz Tyres Ltd's stock price is declining at 75.00, down 4.34%, with significant underperformance compared to its sector and a notable drop in delivery volume. Despite a positive year-to-date return, the stock has decreased by 8.54% over the past week and 10.71% over the past month, indicating weak investor interest.
As of 30-Oct, Viaz Tyres Ltd is experiencing a decline in its stock price, currently at 75.00, which reflects a decrease of 3.4 or 4.34%. The stock has underperformed its sector by 3.62% today, and its delivery volume has significantly decreased by 58.33% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 8.54%, and over the past month, it has declined by 10.71%, contrasting with a positive year-to-date return of 11.69% and a one-year return of 19.05%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark, the Sensex has remained relatively stable with a slight decrease of 0.05% over the past week, while Viaz Tyres has seen a more significant decline. This disparity highlights the stock's underperformance in the short term, particularly as it has not kept pace with the benchmark's positive performance over the past month, where the Sensex rose by 5.15%. The broader market context suggests that while the overall market has been stable or growing, Viaz Tyres is struggling, which may be contributing to the downward pressure on its stock price.
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