Why is West Leisure falling/rising?
As of 26-Sep, West Leisure Resorts Ltd's stock price is Rs 120.20, down 3.06%, and has underperformed significantly, with a year-to-date decline of 21.39% compared to a 2.93% gain in the Sensex. The stock is trading near its 52-week low and below all moving averages, indicating a bearish trend despite increased investor interest.
As of 26-Sep, West Leisure Resorts Ltd is experiencing a decline in its stock price, currently at Rs 120.20, reflecting a decrease of Rs 3.8 or 3.06%. The stock has been underperforming, having fallen for the last two days with a total return of -7.82% during this period. It is also trading close to its 52-week low, just 1.29% away from Rs 118.65. The stock's performance over the past week shows a decline of 5.39%, and over the past month, it has dropped by 17.81%. Additionally, West Leisure is trading below all its moving averages, indicating a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 358.33% against the 5-day average, which may suggest some interest despite the overall negative performance.In the broader market context, West Leisure's recent performance contrasts sharply with the Sensex, which has only declined by 2.66% over the past week. This indicates that the stock is underperforming relative to the benchmark. The hotel, resort, and restaurant sector, in which West Leisure operates, has also seen a decline of 2.47%, contributing to the negative sentiment surrounding the stock. Over the year-to-date, West Leisure has fallen by 21.39%, while the Sensex has gained 2.93%, further highlighting the stock's struggles in comparison to the broader market trends.
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