Why is S C I falling/rising?
As of 07-Aug, Shipping Corporation of India Ltd's stock price is Rs 207.35, down 0.98%, with a significant 21.67% decline over the past year. Despite outperforming the Sensex over three and five years, recent trends show negative momentum and underperformance relative to its sector.
As of 07-Aug, Shipping Corporation of India Ltd is experiencing a decline in its stock price, currently at Rs 207.35, which reflects a decrease of Rs 2.05 or 0.98%. The stock has been underperforming, having lost 1.87% over the last three days, and it touched an intraday low of Rs 202.25, marking a decline of 3.41%. In terms of longer-term performance, the stock has seen a significant drop of 21.67% over the past year, while it has outperformed the benchmark Sensex over a three-year and five-year period with returns of 135.45% and 366.55%, respectively. However, the recent trend indicates a negative momentum, as the stock has underperformed its sector by 1.1% today, and moving averages suggest a mixed performance relative to different time frames.Broader Market Context: The stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -4.18% compared to the Sensex's -0.69%. This indicates that the broader market is not experiencing the same level of decline as Shipping Corporation of India Ltd. Despite a rise in investor participation, as evidenced by a 17.07% increase in delivery volume, the overall market sentiment appears to be affecting the stock negatively. The liquidity of the stock remains adequate for trading, but the persistent downward trend and recent performance suggest that investor confidence may be waning in the face of broader market conditions.
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