Why is Jaihind Synth falling/rising?
As of 08-Oct, Jaihind Synthetics Ltd's stock price has risen to Rs 52.19, marking a 9.99% increase and outperforming its sector. Despite recent challenges, the stock shows positive short-term performance and increased investor interest, indicated by a significant rise in delivery volume.
As of 08-Oct, Jaihind Synthetics Ltd is experiencing a price increase, with its current price at Rs 52.19, reflecting a rise of Rs 4.74 or 9.99%. Today's price summary indicates that the stock has outperformed its sector by 10.94% and has shown a trend reversal after five consecutive days of decline. The stock reached an intraday high of Rs 52.19 and has traded within a wide range of Rs 4.79. Additionally, the stock's performance over the past week shows a gain of 4.80%, while its year-to-date return stands at 8.73%, and it has significantly outperformed the benchmark Sensex over the past year and three years. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context reveals that the stock's short-term performance has been favorable compared to the benchmark, with a 1-week return of 4.80% against the Sensex's 0.98%. This suggests that Jaihind Synthetics Ltd is gaining traction in the market, particularly in the short term, despite a negative return over the past month of 11.54%. The rising investor participation, indicated by a 165.09% increase in delivery volume, further supports the stock's upward movement, suggesting growing interest among investors. Overall, while the stock has faced challenges recently, its current upward trend is bolstered by positive short-term performance and increased trading activity.
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