Why is Worth Peripheral falling/rising?
As of 12-Nov, Worth Peripherals Ltd's stock price is Rs 150.85, down 1.15%, and has underperformed its sector and the broader market, with significant declines in investor participation. The stock is trading below all key moving averages, indicating a bearish trend.
As of 12-Nov, Worth Peripherals Ltd is experiencing a decline in its stock price, currently at Rs 150.85, which reflects a decrease of Rs 1.75 or 1.15%. The stock has underperformed its sector by 1.06% today, having touched an intraday low of Rs 148.25, representing a drop of 2.85%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 75.41% compared to the 5-day average. The available data does not provide any positive or negative factors that could further explain the stock's recent movement.In the broader market context, Worth Peripherals Ltd has seen a 1-week return of -3.46%, while the benchmark Sensex has gained 1.21% during the same period. This stark contrast highlights the stock's underperformance relative to the market. Although the 1-month and year-to-date returns for the stock are not available, the Sensex has shown positive returns of 2.38% and 8.10%, respectively, suggesting that the overall market sentiment is favorable, further emphasizing the challenges faced by Worth Peripherals Ltd in attracting investor interest.
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