Why is Chrome Silicon falling/rising?
As of 11-Nov, Chrome Silicon Ltd's stock price is Rs 45.21, down 5.48%, reflecting high volatility and underperformance compared to its sector and the broader market. The stock has declined significantly year-to-date and over the past three years, with no immediate catalysts for recovery.
As of 11-Nov, Chrome Silicon Ltd is experiencing a decline in its stock price, currently at Rs 45.21, which reflects a decrease of Rs 2.62 or 5.48%. Today's trading saw the stock open with a gain of 4.31% but subsequently fell to an intraday low of Rs 44.3, indicating high volatility with a range of Rs 5.59. The stock has underperformed its sector by 6.78% today and is trading below all key moving averages, suggesting a bearish trend. Additionally, while the stock has seen a rise in delivery volume by 38.61% against the 5-day average, the overall performance over the past week and month shows declines of 4.72% and 8.35%, respectively, indicating ongoing challenges.In the broader market context, the Sensex has shown a positive return of 0.49% over the past week and 1.66% over the past month, contrasting sharply with Chrome Silicon's negative performance. Year-to-date, the stock has declined by 20.88%, while the benchmark has gained 7.34%. This stark difference highlights the stock's struggles relative to the market, further compounded by its significant underperformance over the last three years, where it has dropped 30.18% compared to the Sensex's 35.73% increase. The lack of available positive factors in the dashboard suggests that there are no immediate catalysts to support a recovery in the stock's price.
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