Why is Zenith Health falling/rising?
As of 10-Oct, Zenith Health Care Ltd's stock price is declining at 4.02, down 2.43%, and has underperformed the market with a total return of -3.13% over the last three days. The stock is trading below all key moving averages, indicating a bearish trend and decreased investor participation.
As of 10-Oct, Zenith Health Care Ltd is experiencing a decline in its stock price, currently at 4.02, which represents a decrease of 0.1 or 2.43%. The stock has been underperforming, having fallen consecutively for the last three days, with a total return of -3.13% over that period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 27.1% compared to the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Zenith Health's performance has been notably weaker than the benchmark, the Sensex, which has gained 1.59% over the past week while Zenith has lost 3.13%. Year-to-date, Zenith's stock has decreased by 22.39%, contrasting sharply with the Sensex's increase of 5.58%. This significant underperformance relative to the benchmark and the overall market sentiment may be contributing to the downward pressure on Zenith's stock price.
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