Why is Centenial Surgic falling/rising?
As of 17-Oct, Centenial Surgical Suture Ltd's stock price is Rs 97.85, down 4.07%, reflecting a total decline of 8.38% over the last two days. The stock has consistently underperformed against the Sensex, with significant drops in both price and investor participation.
As of 17-Oct, Centenial Surgical Suture Ltd is experiencing a decline in its stock price, currently at Rs 97.85, which reflects a decrease of Rs 4.15 or 4.07%. The stock has been underperforming, having fallen consecutively over the last two days, resulting in a total decline of 8.38%. Today's trading saw the stock reach a high of Rs 105 but also dip to a low of Rs 90, indicating high volatility with an intraday volatility rate of 7.69%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant drop in investor participation, with delivery volume decreasing by 35.79% compared to the 5-day average. There are no positive or negative factors provided to further explain the stock's recent movement.Broader market context shows that Centenial Surgical Suture Ltd has underperformed relative to the benchmark, the Sensex, over various time frames. In the past week, the stock has decreased by 2.64%, while the Sensex has increased by 1.76%. Over the past month, the stock's decline of 10.48% contrasts sharply with the Sensex's modest gain of 1.52%. Year-to-date, the stock has fallen by 29.09%, while the Sensex has risen by 7.44%. This consistent underperformance against the benchmark indicates a challenging environment for the stock, contributing to its recent price decline.
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