Why is Sahaj Solar falling/rising?
As of 07-Aug, Sahaj Solar Ltd's stock price is at 235.40, down 0.76%, and has declined 4.81% over the last three days. The stock has underperformed the benchmark index significantly, with year-to-date losses of 8.55% compared to the Sensex's gain of 4.02%.
As of 07-Aug, Sahaj Solar Ltd's stock price is currently at 235.40, reflecting a decrease of 1.8, or 0.76%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 4.81% during this period. Additionally, the stock has underperformed significantly over the past week and month, with returns of -4.31% and -9.13%, respectively. It is also trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 14.86% compared to the five-day average, which suggests a lack of confidence among investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's performance.Broader market context shows that while Sahaj Solar has struggled, the benchmark index, Sensex, has only declined by 0.70% over the past week and 3.40% over the past month. This indicates that the stock's poor performance is not solely a reflection of broader market conditions, as it has underperformed the benchmark significantly. Year-to-date, Sahaj Solar has seen a decline of 8.55%, contrasting sharply with the Sensex's gain of 4.02%, further highlighting the stock's struggles in the current market environment.
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