Why is S P Capital Fin. falling/rising?
As of 14-Nov, S P Capital Financing Ltd's stock price is Rs 58.30, down 1.79%, and has underperformed its sector and the broader market significantly over the past week and month. Despite increased investor participation, the stock remains below its recent moving averages and has declined 12.92% year-to-date.
As of 14-Nov, S P Capital Financing Ltd is experiencing a decline in its stock price, currently at Rs 58.30, which reflects a decrease of Rs 1.06 or 1.79%. The stock has underperformed its sector today by 2.55% and has fallen after two consecutive days of gains. Despite reaching an intraday high of Rs 61.99, the stock's performance over the past week shows a decline of 2.78%, and it has also underperformed over the past month with a drop of 10.10%. The stock remains above its 50-day, 100-day, and 200-day moving averages, but it is below its 5-day and 20-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 32.58% against the 5-day average, indicating some interest despite the price drop.Broader market context reveals that while S P Capital Financing Ltd has faced a decline, the benchmark Sensex has gained 1.62% over the past week and 3.09% over the past month. This stark contrast highlights the stock's underperformance relative to the broader market. Year-to-date, the stock is down 12.92%, while the Sensex has risen by 8.22%, further emphasizing the challenges faced by the company in attracting investor confidence compared to the overall market trends.
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