Why is Sahaj Fashions falling/rising?
As of 23-Sep, Sahaj Fashions Ltd's stock price is declining at 8.25, down 4.62%, and has underperformed its sector. The stock has dropped 40.65% year-to-date, indicating a negative overall trend despite a recent short-term gain.
As of 23-Sep, Sahaj Fashions Ltd is experiencing a decline in its stock price, currently at 8.25, which represents a decrease of 0.4 or 4.62%. The stock has underperformed its sector by 4% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 44.44% compared to the 5-day average. Over the past month, the stock has seen a substantial decline of 14.51%, and year-to-date, it has decreased by 40.65%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Sahaj Fashions' short-term performance over the past week shows a gain of 3.77%, while the benchmark Sensex has slightly declined by 0.28%. However, the stock's longer-term performance is concerning, with a year-to-date drop of 40.65% compared to a 6.45% increase in the Sensex. This stark contrast highlights the stock's struggles relative to the broader market, indicating that while there may be short-term fluctuations, the overall trend for Sahaj Fashions remains negative.
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