Why is Kiran Syntex falling/rising?
As of 19-Sep, Kiran Syntex Ltd is currently priced at 7.99, reflecting a recent upward trend despite a year-to-date decline of 6.00%. The stock has shown strong short-term performance, outperforming the Sensex, but still faces challenges in the longer term.
As of 19-Sep, Kiran Syntex Ltd is experiencing a price increase, currently at 7.99, which reflects a change of 0.38 or 4.99% upward. The stock has shown a positive performance today, outperforming its sector by 4.79% and has been on a consecutive gain for the last two days, accumulating a total return of 5.13% during this period. However, over the past month, the stock has declined by 5.56%, and year-to-date, it is down 6.00%. Despite these longer-term declines, the recent surge in delivery volume, which increased by 3857.06% against the 5-day average, indicates rising investor participation, contributing positively to the stock's recent upward movement. There is no information available regarding positive or negative factors that could further clarify the stock's performance.In the broader market context, Kiran Syntex's short-term return of 4.17% over the past week significantly outpaces the Sensex, which has only increased by 0.88% during the same period. This suggests that while the stock has faced challenges in the longer term, its recent performance is notably stronger compared to the benchmark. However, the stock's year-to-date performance remains negative at -6.00%, contrasting with the Sensex's positive return of 5.74%, indicating that while there is a short-term recovery, the stock still has a way to go to align with broader market trends.
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