Why is Vruddhi Engineer falling/rising?
As of 28-Aug, Vruddhi Engineering Works Ltd's stock price is declining at 201.25, down 1.95% and trading below all key moving averages, indicating a bearish trend. The stock has underperformed significantly compared to the Sensex, with a year-to-date decline of 14.62%.
As of 28-Aug, Vruddhi Engineering Works Ltd is experiencing a decline in its stock price, currently at 201.25, which reflects a decrease of 4.0 points or 1.95%. The stock has been losing value for the last two days, with a total drop of 4.39% during this period. It 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's delivery volume has increased by 42.86% against the 5-day average, there are no available positive or negative factors to further clarify the reasons behind the stock's recent movement.In terms of broader market context, Vruddhi Engineering's performance over the past week shows a decline of 6.18%, which is significantly worse than the benchmark Sensex, which has fallen only 2.34% during the same period. Over the past month, the stock has decreased by 5.52%, compared to a 1.00% drop in the Sensex. Year-to-date, the stock has underperformed with a decline of 14.62%, while the Sensex has gained 2.48%. This consistent underperformance relative to the benchmark suggests that investor sentiment towards Vruddhi Engineering is negative, contributing to its falling stock price.
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