Why is Sahaj Solar falling/rising?
As of 19-Nov, Sahaj Solar Ltd's stock price is at 166.20, down 5.3%, and has significantly underperformed its sector and the benchmark index, Sensex. The stock has seen a substantial decline over various time frames, indicating weak investor sentiment and participation.
As of 19-Nov, Sahaj Solar Ltd is experiencing a decline in its stock price, currently at 166.20, which reflects a decrease of 9.3 or 5.3%. The stock has underperformed its sector by 5.72% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has significantly dropped by 58.52% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 10.06%, and its performance over the last month shows a substantial decline of 25.17%. Year-to-date, the stock is down 35.43%, while the one-year return is also negative at 34.66%. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Sahaj Solar's recent performance contrasts sharply with the benchmark index, Sensex, which has gained 0.68% over the past week and 1.33% over the past month. The stark difference in returns highlights the stock's struggle, as it has significantly lagged behind the market, with a year-to-date performance that is 45.61 percentage points worse than the Sensex's 10.18% gain. This underperformance suggests that investor sentiment towards Sahaj Solar is weak compared to the overall market, contributing to the stock's decline.
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