Why is Jay Shree Tea falling/rising?
As of 19-Sep, Jay Shree Tea & Industries Ltd is priced at 98.45, showing a slight increase but trading below all major moving averages, indicating a bearish trend. The stock has underperformed significantly year-to-date, with a decline of 23.00%, while broader market indices like the Sensex have risen.
As of 19-Sep, Jay Shree Tea & Industries Ltd is currently priced at 98.45, reflecting a slight increase of 0.19 (0.19%). The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 0.31%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 44.73% compared to the 5-day average. The stock has experienced a decline of 3.00% over the past month and a substantial 23.00% year-to-date, while its performance over the last year shows a decrease of 27.56%. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.Broader market context indicates that the Sensex has performed better than Jay Shree Tea in the short term, with a 0.88% increase over the past week compared to the stock's modest gain of 0.08%. The stock's year-to-date performance is notably poor at -23.00%, while the Sensex has risen by 5.74% during the same period. This underperformance relative to the benchmark suggests that investor sentiment may be more favorable towards broader market trends rather than the specific challenges faced by Jay Shree Tea.
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