Why is Wise Travel falling/rising?
As of 30-Sep, Wise Travel India Ltd's stock price is at 158.20, down 4.12% and significantly underperforming the Sensex and its sector. The stock has declined 8.53% over the past week and 4.09% year-to-date, despite increased investor participation.
As of 30-Sep, Wise Travel India Ltd's stock price is currently at 158.20, reflecting a decline of 6.8 points or 4.12%. The stock has underperformed its sector today by 2.97%. Over the past week, the stock has seen a significant drop of 8.53%, and it has also underperformed the benchmark Sensex, which fell only 2.22% during the same period. While the stock is trading higher than its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 189.06% against the 5-day average, indicating some interest despite the overall decline. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Wise Travel's short-term performance has been significantly worse than the benchmark, as it has declined by 8.53% over the past week compared to the Sensex's smaller drop of 2.22%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, the year-to-date performance shows a decline of 4.09% for Wise Travel, while the Sensex has gained 4.09%, further emphasizing the stock's underperformance in both short and long-term comparisons.
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