Why is Vikram Kamats falling/rising?
As of 28-Oct, Vikram Kamats Hospitality Ltd's stock price is Rs 59.50, down 3.14%, and has underperformed its sector significantly. The stock is in a bearish trend, trading below all major moving averages, with substantial declines over the past week, month, and year, contrasting sharply with the positive performance of the Sensex.
As of 28-Oct, Vikram Kamats Hospitality Ltd is experiencing a decline in its stock price, currently at Rs 59.50, which represents a decrease of Rs 1.93 or 3.14%. The stock has underperformed its sector by 3.05% today and opened with a loss of 3.53%. It reached an intraday low of Rs 59, reflecting a drop of 3.96%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while the stock has seen a rise in delivery volume by 22.27% against the 5-day average, the overall performance over the past week, month, and year shows significant declines of 4.03%, 7.45%, and 23.72%, respectively, compared to the Sensex, which has shown positive returns.In the broader market context, Vikram Kamats' recent performance contrasts sharply with the Sensex, which has gained 0.24% over the past week and 5.22% over the past month. The year-to-date performance of Vikram Kamats shows a decline of 20.67%, while the Sensex has increased by 8.30%. This significant underperformance suggests that investor sentiment towards Vikram Kamats is currently negative, despite some increase in trading volume. The lack of available positive factors further emphasizes the challenges the company is facing in the market.
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