Why is Goyal Salt falling/rising?
As of 17-Sep, Goyal Salt Ltd's stock price is 174.55, down 0.54%. The stock has underperformed compared to the Sensex, with a year-to-date decline of 9.09% and a yearly decline of 12.53%.
As of 17-Sep, Goyal Salt Ltd's stock price is currently at 174.55, reflecting a decrease of 0.95, or 0.54%. The stock's performance today is in line with its sector, although it has shown a decline in investor participation, with delivery volume falling by 15.25% compared to the 5-day average. In terms of moving averages, the stock is higher than the 20-day, 50-day, and 100-day averages but lower than the 5-day and 200-day averages. Over the past week, the stock has decreased by 0.80%, while it has gained 11.86% over the past month. However, year-to-date, it is down 9.09%, and over the past year, it has declined by 12.53%. There are no positive or negative factors provided that could further clarify the reasons behind the stock's recent movement.In the broader market context, the Sensex has increased by 1.43% over the past week and 2.84% over the past month, indicating that Goyal Salt's short-term performance is lagging behind the benchmark index. While the stock has shown some recovery in the last month, its year-to-date and yearly performance remains significantly lower than that of the Sensex, which has gained 7.13% year-to-date and is nearly flat over the past year. This underperformance relative to the benchmark may contribute to the downward pressure on Goyal Salt's stock price.
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