Why is Voith Paper falling/rising?
As of 25-Sep, Voith Paper Fabrics India Ltd's stock price is 1,899.00, up 1.95% today, but has declined 1.86% over the past week and 3.55% over the past month. Despite a short-term increase, the stock has underperformed significantly year-to-date and over the past year compared to the Sensex.
As of 25-Sep, Voith Paper Fabrics India Ltd is experiencing a price increase, with the current price at 1,899.00, reflecting a rise of 36.25 or 1.95%. Despite this positive movement today, the stock has shown a decline of 1.86% over the past week and 3.55% over the past month. The stock is currently trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 91.03% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Voith Paper has outperformed its sector by 3.08% today, which is a positive sign amidst its overall underperformance compared to the benchmark Sensex. The stock has declined 11.05% year-to-date, while the Sensex has gained 3.87% in the same period. Over the past year, Voith Paper's performance has been even more pronounced, with a drop of 23.46%, contrasting sharply with the Sensex's decline of only 4.71%. This suggests that while the stock is seeing a short-term rise, it has faced significant challenges in the longer term relative to the broader market.
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