Why is Sabrimala Indus. falling/rising?
As of 13-Jun, Sabrimala Industries India Ltd's stock price is at 9.58, down 5.15% today and showing a year-to-date decline of 50.41%. Despite recent struggles, the stock has a strong long-term performance with a 3-year return of 195.68%.
As of 13-Jun, Sabrimala Industries India Ltd's stock price is currently at 9.58, reflecting a decrease of 0.52, or 5.15%. The stock has underperformed its sector by 4.57% today and has experienced a trend reversal, falling after three consecutive days of gains. In terms of returns, the stock has shown a decline of 3.91% over the past month and a significant drop of 50.41% year-to-date, despite a positive return of 12.71% over the past year. The stock is currently trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 614.2% against the 5-day average, indicating heightened interest despite the current price decline. Unfortunately, the positive and negative factors impacting the stock are not available.Broader market context shows that while Sabrimala Industries has underperformed in the short term, with a 1-week return of 1.91% compared to the Sensex's decline of 1.30%, the stock's longer-term performance has been more favorable, with a 3-year return of 195.68% compared to the Sensex's 53.50%. However, the stock's year-to-date performance starkly contrasts with the Sensex's positive return of 3.81%, highlighting a significant divergence in performance. This broader market context suggests that while the stock has had periods of strong growth, recent trends indicate a struggle to maintain momentum in the face of broader market conditions.
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