Why is Vippy Spinpro falling/rising?
As of 06-Nov, Vippy Spinpro Ltd's stock price is Rs 160.50, down 2.4%, and has lost 7.2% over the last two days. The stock is trading below all major moving averages and has seen a significant drop in investor participation, indicating a bearish trend.
As of 06-Nov, Vippy Spinpro Ltd is experiencing a decline in its stock price, currently at Rs 160.50, which reflects a decrease of Rs 3.95 or 2.4%. The stock has been underperforming, having lost 7.2% over the last two days and opened with a loss of 2.1% today. It has also touched an intraday low of Rs 155.3, representing a drop of 5.56%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 95.79% compared to the 5-day average, suggesting reduced interest in the stock.In the broader market context, Vippy Spinpro's recent performance contrasts with the benchmark Sensex, which has shown a decline of only 1.30% over the past week while Vippy Spinpro has fallen by 3.02%. Over the past month, the stock has decreased by 2.73%, while the Sensex has gained 1.86%. Year-to-date, Vippy Spinpro has underperformed significantly, with a decline of 18.09% compared to the Sensex's increase of 6.62%. This underperformance highlights the stock's struggles in a market that is generally more favorable, further contributing to its recent price decline.
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