Why is Kiran Syntex falling/rising?
As of 09-Sep, Kiran Syntex Ltd's stock price is declining at 7.66, down 4.96%, and has underperformed its sector significantly. The stock is trading below all major moving averages, with a year-to-date decline of 9.88%, contrasting sharply with the positive performance of the broader market.
As of 09-Sep, Kiran Syntex Ltd is experiencing a decline in its stock price, currently at 7.66, which reflects a decrease of 0.4 or 4.96%. The stock has underperformed its sector by 4.98% today, 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 falling by 87.68% against the 5-day average. Over the past month, the stock has declined by 13.64%, and year-to-date, it is down 9.88%, indicating a consistent downward trend without any available positive factors to counterbalance these movements.In the broader market context, the Sensex has shown a positive return of 1.18% over the past week and 1.56% over the past month, contrasting sharply with Kiran Syntex's negative performance. The stock's year-to-date return of -9.88% also stands in stark contrast to the Sensex's gain of 3.79%. This underperformance relative to the benchmark suggests that while the overall market is experiencing growth, Kiran Syntex is struggling, which may be contributing to the downward pressure on its stock price.
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