Why is New Swan falling/rising?

Sep 10 2025 11:23 PM IST
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As of 10-Sep, New Swan Multitech Ltd's stock price is at 69.75, down 0.36%. The stock has underperformed recently, with declines over the past month and year, while trading below several moving averages, indicating mixed technical signals.
As of 10-Sep, New Swan Multitech Ltd's stock price is currently at 69.75, reflecting a decrease of 0.25, or 0.36%. The stock has been underperforming, having fallen for the last two days with a total decline of 0.37%. In terms of returns, the stock has decreased by 1.43% over the past month and 13.46% over the past year, while it has shown a year-to-date increase of 6.52%. Additionally, the stock's delivery volume has significantly dropped by 84.85% compared to the five-day average, indicating a decline in investor participation. The stock is currently trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages, suggesting mixed technical signals.

Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.06% over the past week and 1.96% over the past month, New Swan's performance has lagged behind, with a weekly decline of 0.40%. This underperformance relative to the benchmark may contribute to investor sentiment that is negatively impacting the stock price. The broader market has shown positive momentum, contrasting with New Swan's recent struggles, which could further explain the downward pressure on its stock price.
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