Why is Wise Travel falling/rising?
As of 17-Sep, Wise Travel India Ltd's stock price is 171.15, down 0.32%, with a significant year-over-year decline of 41.22%. Despite a recent increase in trading volume, the stock has underperformed compared to its sector and the broader market over the past year.
As of 17-Sep, Wise Travel India Ltd is experiencing a decline in its stock price, currently at 171.15, reflecting a decrease of 0.55 or 0.32%. The stock has underperformed its sector by 0.34% today. In terms of performance over various periods, the stock has shown a 1-week decline of 1.61%, a 1-month increase of 3.73%, and a year-to-date rise of 3.76%. However, it has significantly underperformed over the past year with a drop of 41.22%. Today's trading activity indicates a rising investor participation, with delivery volume increasing by 52.44% compared to the 5-day average, suggesting some interest despite the overall price decline. There is no information available on positive or negative factors impacting the stock.In the broader market context, the Sensex has shown a positive return of 1.43% over the past week, contrasting with Wise Travel's decline. While the stock has outperformed the benchmark over the past month, it lags significantly over the past year, where the Sensex has only decreased by 0.35%. This disparity indicates that while there may be short-term fluctuations favoring the stock, the long-term performance remains weak compared to the overall market, contributing to the current downward pressure on Wise Travel's stock price.
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