Why is West Leisure falling/rising?
As of 17-Sep, West Leisure Resorts Ltd's stock price is Rs 130.80, down 4.98%, and has underperformed significantly with a 14.45% year-to-date decline. Despite a recent increase in delivery volume, the stock continues to lag behind the broader market, which has shown positive returns.
As of 17-Sep, West Leisure Resorts Ltd is experiencing a decline in its stock price, currently at Rs 130.80, reflecting a decrease of Rs 6.85 or 4.98%. The stock has been underperforming, having lost 9.67% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, while the stock has seen a rise in delivery volume by 389.86% against the 5-day average, it still underperformed its sector by 5.14% today. Year-to-date, the stock has decreased by 14.45%, and over the past year, it has dropped by 25.26%, indicating a significant downturn in its performance.In the broader market context, the Sensex has shown a positive return of 1.56% over the past week and 5.83% year-to-date, contrasting sharply with West Leisure's negative returns. This suggests that while the overall market is performing well, West Leisure is lagging significantly behind, which may be contributing to investor sentiment and the stock's downward movement. The stock's performance over the last month is slightly better, with a 3.52% increase, but the longer-term trends indicate a struggle to keep pace with the benchmark, which has gained 40.54% over the past three years.
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