Why is S C I falling/rising?
As of 06-Aug, Shipping Corporation of India Ltd's stock price is Rs 209.40, down 1.0 (-0.48%), and has declined over the past week and month. Despite recent short-term losses, the stock has shown strong long-term growth with a 3-year return of 137.77% and a 5-year return of 390.53%.
As of 06-Aug, Shipping Corporation of India Ltd is experiencing a decline in its stock price, currently at Rs 209.40, which reflects a decrease of 1.0 (-0.48%). The stock has underperformed its sector by 0.81% today and has been on a consecutive decline for the last two days, resulting in a total drop of 0.9% during this period. The stock reached an intraday low of Rs 204.35, marking a decrease of 2.88%. Over the past week, the stock has fallen by 2.81%, and over the past month, it has decreased by 5.12%. Despite these short-term declines, the stock has shown significant growth over the longer term, with a 3-year return of 137.77% and a 5-year return of 390.53%. However, it has underperformed the benchmark Sensex, which has gained 2.48% over the past year.In the broader market context, the stock's recent performance contrasts with the benchmark, as it has declined more sharply in the short term compared to the Sensex, which has only fallen by 1.15% over the past week. The stock's liquidity remains adequate, with a delivery volume increase of 0.35% against the 5-day average, indicating rising investor participation. However, the stock's moving averages suggest mixed signals, being higher than the 100-day and 200-day averages but lower than the 5-day, 20-day, and 50-day averages. This combination of factors indicates that while there is some investor interest, the stock is currently facing downward pressure in the short term.
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