Why is Sahaj Solar falling/rising?
As of 08-Oct, Sahaj Solar Ltd's stock price is declining at 221.55, down 1.4%, and trading below all key moving averages, indicating a bearish trend. The stock has dropped 4.46% in the past week and 13.84% in the past month, underperforming the Sensex, which has gained 0.84% in the same period.
As of 08-Oct, Sahaj Solar Ltd is experiencing a decline in its stock price, currently at 221.55, which reflects a decrease of 3.15 or 1.4%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 4.46%, and it has seen a significant decline of 13.84% over the past month. Despite this, there has been a rise in investor participation, with a delivery volume of 16.4k on October 7, which is up by 5.13% compared to the 5-day average. 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 Solar's performance has been notably weaker compared to the benchmark Sensex, which has gained 0.84% over the past week. The stock's year-to-date return is down by 13.93%, while the Sensex has increased by 5.93% during the same period. This significant underperformance against the benchmark suggests that market sentiment towards Sahaj Solar is negative, contributing to its declining stock price.
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