Why is Sabrimala Indus. falling/rising?
As of 19-Nov, Sabrimala Industries India Ltd's stock price is declining at 14.63, down 4.94%, and has underperformed its sector significantly. Despite a 19.33% gain over the past month, its year-to-date performance is poor at -24.28%, indicating a lack of investor confidence.
As of 19-Nov, Sabrimala Industries India Ltd is experiencing a decline in its stock price, currently at 14.63, reflecting a decrease of 0.76 or 4.94%. The stock has underperformed its sector by 5.66% today and has been on a downward trend, losing 9.64% over the last two days. Over the past week, the stock has decreased by 1.55%, while it has shown a significant decline of 53.92% over the past year. Although the stock is trading higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages. Additionally, there has been a drop in investor participation, with delivery volume falling by 2.31% compared to the 5-day average, indicating reduced interest in trading the stock.In the broader market context, the Sensex has gained 0.85% over the past week, contrasting with Sabrimala's decline, which highlights the stock's underperformance relative to the benchmark. While the stock has shown a positive return of 19.33% over the past month, its year-to-date performance remains poor at -24.28%, especially when compared to the Sensex's 9.02% increase. This disparity suggests that the stock is struggling to attract investor confidence, further compounded by the lack of available positive factors to counterbalance the negative sentiment surrounding its recent performance.
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