Shrem InvIT Hits 52-Week Low Amid Strong Buying Activity and High Dividend Yield

Shrem InvIT is currently witnessing significant buying activity, despite its recent performance showing a downward trend. Today, the stock has recorded a decline of 9.13%, underperforming the Sensex, which has gained 0.84%. Over the past week, Shrem InvIT has also seen a consistent drop of 9.13%, while the Sensex has risen by 4.43%. This trend continues over the month, with Shrem InvIT down 7.92% compared to the Sensex's 5.41% increase.
The stock has reached a new 52-week low of Rs. 104.05 today, indicating a challenging market position. Additionally, Shrem InvIT is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its struggle in the current market environment. The high dividend yield of 12.69% may be a contributing factor to the buying pressure, as investors might be attracted to the income potential despite the stock's price decline. Overall, while Shrem InvIT is facing headwinds, the strong buying activity suggests a focus on its dividend yield amidst broader market trends.