Why is Centenial Surgic falling/rising?
As of 07-Nov, Centenial Surgical Suture Ltd's stock price is Rs 102.00, up 5.05% after a trend reversal. Despite today's gains, the stock has underperformed over the past year and week compared to the Sensex, with a significant decline of 26.09% year-to-date.
As of 07-Nov, Centenial Surgical Suture Ltd's stock price is currently at Rs 102.00, reflecting an increase of Rs 4.9 or 5.05%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It outperformed its sector by 5.45% today, and there was a significant rise in delivery volume, which increased by 121.61% against the 5-day average. However, the stock is trading below its moving averages across various time frames, indicating a potential struggle in maintaining upward momentum. Over the past year, the stock has declined by 26.09%, contrasting with the Sensex, which has risen by 4.62%.In the broader market context, the stock's short-term performance has been negative, with a 5.56% decline over the past week compared to a minor loss of 0.86% in the Sensex. This suggests that while the stock has seen a positive movement today, its overall performance in the short term has been weaker than the benchmark. The stock's year-to-date performance is also concerning, with a decline of 26.09% against a 6.50% increase in the Sensex, highlighting a significant underperformance relative to the broader market trends.
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