Why is Chrome Silicon falling/rising?
As of 07-Aug, Chrome Silicon Ltd's stock price is Rs 46.08, down 2.48% and has underperformed its sector by 3.14%. The stock has seen a significant decline in delivery volume and has lagged behind market benchmarks, contributing to its recent price drop.
As of 07-Aug, Chrome Silicon Ltd's stock price is currently at Rs 46.08, reflecting a decrease of Rs 1.17 or 2.48%. The stock has been on a downward trend, having underperformed its sector by 3.14% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 6.68%. Although the stock opened with a significant gain of 14.26% today, it quickly fell to an intraday low of Rs 46.05, indicating high volatility with a wide trading range of Rs 7.94. Additionally, the stock's delivery volume has seen a drastic decline of 88.3% compared to the five-day average, suggesting falling investor participation, which may contribute to the negative price movement. There is no information available regarding positive or negative factors that could influence the stock's performance.In the broader market context, Chrome Silicon's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.96% compared to the Sensex's -0.69%. Over the past month, the stock has also underperformed the benchmark, with a decline of 3.80% against the Sensex's 3.38% drop. Year-to-date, Chrome Silicon has significantly lagged behind the Sensex, showing a decline of 19.36% while the benchmark has gained 3.18%. This underperformance relative to the market may further exacerbate investor sentiment, contributing to the stock's recent price decline.
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