Why is Sadbhav Infra. falling/rising?
As of 11-Aug, Sadbhav Infrastructure Projects Ltd's stock price is Rs 3.66, down 5.43%, and has fallen 8.5% over two days, trading below all moving averages and nearing its 52-week low. Year-to-date, it has declined 43.78%, significantly underperforming compared to the Sensex, which has gained 3.15%.
As of 11-Aug, Sadbhav Infrastructure Projects Ltd is experiencing a decline in its stock price, currently at Rs 3.66, which represents a decrease of 0.21 or 5.43%. The stock has been underperforming significantly, with a consecutive fall over the last two days resulting in an overall drop of 8.5%. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.64% away from Rs 3.60. Over the past week, the stock has fallen by 8.73%, and its year-to-date performance shows a staggering decline of 43.78%, while the benchmark Sensex has gained 3.15%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark, Sadbhav Infrastructure's short-term performance has been notably poor, with a 1-week return of -8.73% against the Sensex's modest decline of only -0.51%. This stark contrast highlights the stock's struggles relative to the broader market, which has shown resilience. The significant underperformance over various time frames, including a 1-month drop of 25.61% compared to the Sensex's -2.30%, further emphasizes the challenges faced by Sadbhav Infrastructure in the current market environment.
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