Why is Wise Travel falling/rising?
As of 24-Sep, Wise Travel India Ltd's stock price is at 166.55, down 3.7% and underperforming its sector. Despite a year-to-date gain of 0.97%, it has declined 43.43% over the past year, contrasting with the broader market's positive performance.
As of 24-Sep, Wise Travel India Ltd's stock price is currently at 166.55, reflecting a decrease of 6.4 points or 3.7%. The stock has underperformed its sector by 3.92% today, and while it is higher than the 100-day and 200-day moving averages, it is lower than the 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 2.69%, and over the past month, it has fallen by 2.83%. Year-to-date, the stock has a modest gain of 0.97%, but it has significantly underperformed over the past year with a decline of 43.43%. There is a notable increase in investor participation, with delivery volume rising by 34.92% against the 5-day average, indicating some interest despite the price drop. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that the Sensex has experienced a decline of only 1.08% over the past week and a gain of 0.75% over the past month, contrasting with Wise Travel's negative returns in the same periods. Year-to-date, the Sensex has risen by 5.97%, highlighting the broader market's strength compared to Wise Travel's performance. This disparity suggests that while the overall market is performing well, Wise Travel is struggling, contributing to its recent price decline.
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