Why is Sabrimala Indus. falling/rising?
As of 12-Nov, Sabrimala Industries India Ltd's stock price is declining at 14.86, down 4.93%, and has lost 14.2% over the last four days. The stock has underperformed significantly over the past year with a 56.80% decline, while investor participation has dropped sharply, indicating a lack of confidence.
As of 12-Nov, Sabrimala Industries India Ltd is experiencing a decline in its stock price, currently at 14.86, reflecting a decrease of 0.77 or 4.93%. The stock has been underperforming, having lost 14.2% over the last four days, and it has consistently fallen for four consecutive days. Additionally, the stock's performance today is notably lower than its sector by 4.72%. In terms of returns, the stock has shown a significant decline of 56.80% over the past year, while it has gained 4.57% over the last month. However, the stock's delivery volume has drastically decreased by 89.62% compared to the five-day average, indicating a drop in investor participation.Broader market context shows that while Sabrimala Industries has faced a steep decline, the benchmark Sensex has increased by 1.21% over the past week and 8.10% year-to-date. This stark contrast highlights the stock's underperformance relative to the broader market. Despite the stock being above its longer-term moving averages, its recent trend and falling investor interest suggest a lack of confidence among investors, contributing to its current downward trajectory.
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