Why is Winsome Brew. falling/rising?
As of 19-Sep, Winsome Breweries Ltd's stock price is Rs 32.09, down 4.35% after six days of gains, reflecting a year-to-date decline of 26.67%. Despite a recent increase in delivery volume and a short-term return of 11.81%, the stock remains under pressure compared to the broader market.
As of 19-Sep, Winsome Breweries Ltd is experiencing a decline in its stock price, currently at Rs 32.09, which reflects a decrease of Rs 1.46 or 4.35%. Today's price summary indicates that the stock has underperformed its sector by 4.53% and has fallen after six consecutive days of gains. Although it opened with a gain of 2.5% and reached an intraday high of Rs 34.39, it also hit a low of Rs 31.06, showcasing significant volatility with an intraday range of Rs 3.33. The stock's year-to-date performance shows a decline of 26.67%, and over the past year, it has dropped by 43.46%, contrasting sharply with its strong performance over three and five years, where it gained 222.19% and 541.80%, respectively. The recent increase in delivery volume by 274.7% suggests rising investor participation, which may have initially supported the stock's price, but the overall negative trend indicates underlying challenges.In the broader market context, Winsome Breweries Ltd's short-term return of 11.81% over the past week significantly outpaces the Sensex's return of 0.88%. However, the stock's year-to-date decline of 26.67% contrasts with the Sensex's positive return of 5.74%, indicating that while the stock has had a brief period of recovery, it remains under pressure compared to the overall market. The high volatility today, combined with the stock's recent performance trends, suggests that investor sentiment may be shifting, leading to the current price decline despite earlier gains.
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