Why is S V Global Mill falling/rising?
As of 04-Nov, S V Global Mill Ltd's stock price is Rs 147.10, down 7.08% today after opening higher. Despite positive long-term returns, recent volatility and decreased investor participation have contributed to its underperformance compared to the sector and broader market.
As of 04-Nov, S V Global Mill Ltd's stock price is currently at Rs 147.10, reflecting a decline of Rs 11.2, or 7.08%. Today, the stock opened with a gain of 6.06% but has since fallen to a day's low of Rs 147.05, indicating high volatility with an intraday range of Rs 20.85. The stock has underperformed its sector by 6.79% today, and while it has shown positive returns over the past month (+4.14%) and year (+16.75%), it has experienced a decline of 6.90% over the past week. Additionally, there has been a decrease in investor participation, with delivery volume falling by 0.7% against the five-day average, which may contribute to the stock's downward pressure.In the broader market context, the Sensex has only declined by 1.38% over the past week, suggesting that S V Global Mill's performance is lagging behind the benchmark. While the stock has performed well over longer periods, such as a 175.21% increase over three years, its recent decline contrasts sharply with the benchmark's more stable performance. The current liquidity of the stock is adequate for trading, but the combination of high volatility and falling investor participation may be causing concern among investors, leading to the recent price drop.
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