Why is Z F Steering falling/rising?
As of 22-Sep, Z F Steering Gear (India) Ltd's stock price is Rs 1,082.00, down 1.4%, with a significant decline of 30.22% over the past year compared to a 2.82% drop in the Sensex. The stock has underperformed its sector and shows decreasing investor participation, indicating unfavorable market conditions.
As of 22-Sep, Z F Steering Gear (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,082.00, which reflects a decrease of Rs 15.4 or 1.4%. The stock has underperformed its sector by 1.29% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 1,053.3, marking a 4.02% drop. Additionally, the stock's performance over the past week and month shows declines of 1.28% and 1.64%, respectively, while year-to-date returns are down by 26.39%. The delivery volume has also decreased by 4.75% compared to the five-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that while Z F Steering has faced a significant decline of 30.22% over the past year, the benchmark Sensex has only decreased by 2.82% in the same period. In the short term, the stock's performance has been notably weaker than the Sensex, which has gained 0.46% over the past week, contrasting with Z F Steering's decline. This underperformance relative to the benchmark suggests that broader market conditions may not be favoring the stock, contributing to its recent price drop.
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