Why is Goyal Salt falling/rising?
As of 25-Jun, Goyal Salt Ltd's stock price is declining at 156.50, down 1.57%, and underperforming its sector. The stock has seen significant drops in investor participation and has poor performance metrics, contrasting sharply with the broader market's positive returns.
As of 25-Jun, Goyal Salt Ltd is experiencing a decline in its stock price, currently at 156.50, which represents a decrease of 2.5 or 1.57%. The stock has underperformed its sector today by 2.51%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume on June 24 falling by 76.19% compared to the 5-day average. The stock has also shown poor performance over various periods, with a year-to-date decline of 18.49% and a one-month decrease of 10.03%, indicating ongoing negative sentiment among investors.In contrast, the broader market, represented by the Sensex, has shown positive returns, gaining 1.74% over the past week and 6.77% year-to-date. This stark difference highlights that while Goyal Salt Ltd is struggling, the overall market is performing well. The stock's significant underperformance relative to the benchmark suggests that investor confidence is waning, contributing to its declining price. The absence of any positive factors in the dashboard further emphasizes the challenges faced by Goyal Salt Ltd in the current market environment.
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