Why is Vruddhi Engineer falling/rising?
As of 16-Sep, Vruddhi Engineering Works Ltd is priced at Rs 210.00, having increased by 0.96%. Despite a slight gain today, the stock has underperformed its sector and the broader market, with significant declines over the past month and year-to-date, alongside reduced investor participation.
As of 16-Sep, Vruddhi Engineering Works Ltd is currently priced at Rs 210.00, reflecting an increase of Rs 2.0, or 0.96%. The stock opened with a gain of 3.49% today and reached an intraday high of Rs 215.25. However, it has underperformed its sector by 0.47% and has shown erratic trading, not trading on 3 out of the last 20 days. The stock's performance over the past month has been negative, with a decline of 5.26%, while it has also underperformed significantly year-to-date with a drop of 10.90%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 68.75% against the 5-day average, indicating a lack of confidence among investors.Broader market context shows that the stock's short-term performance over the past week has been slightly better than the benchmark Sensex, which rose by 1.58% compared to the stock's 1.45% increase. However, over the past month, the stock's decline of 5.26% contrasts sharply with the Sensex's gain of 2.21%, highlighting a broader market strength that the stock has not been able to capitalize on. The overall market sentiment appears to be more favorable than that of Vruddhi Engineering Works Ltd, which may be contributing to the stock's recent struggles despite today's slight uptick.
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