Shrem InvIT Experiences Increased Buying Activity Amid Price Declines and High Dividend Yield

Shrem InvIT is currently witnessing significant buying activity, despite its recent performance showing a decline. Over the past day, the stock has decreased by 3.95%, underperforming the Sensex, which fell by only 0.21%. This trend continues over the week, with Shrem InvIT down 3.95% compared to a slight gain of 0.29% for the Sensex.
In the broader context, Shrem InvIT's performance over the past month shows a decline of 4.16%, while the Sensex has decreased by 2.92%. Over three months, Shrem InvIT is down 7.16%, compared to the Sensex's decline of 9.04%. Year-to-date, the stock has fallen by 4.16%, slightly better than the Sensex's 5.37% drop.

The stock is currently trading close to its 52-week low, just 4.98% above Rs 104.05. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Notably, Shrem InvIT offers a high dividend yield of 12.74% at its current price, which may be contributing to the buying pressure despite its recent underperformance.