Why is Sakthi Sugars falling/rising?
As of 19-Sep, Sakthi Sugars Ltd's stock price is at 22.60, down 1.14%, and has underperformed its sector today. Despite a short-term return of 0.98% over the past week, the stock has declined 40.27% over the past year, indicating weak overall performance compared to the Sensex.
As of 19-Sep, Sakthi Sugars Ltd's stock price is currently at 22.60, reflecting a decrease of 0.26, or 1.14%. The stock has underperformed its sector by 1.01% today, despite showing higher performance than its 5-day and 20-day moving averages. However, it remains below the 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 100.61% against the 5-day average. Year-to-date, the stock has seen a decline of 26.86%, contrasting sharply with the Sensex, which has gained 5.74% during the same period. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movement.In the broader market context, Sakthi Sugars has shown a short-term return of 0.98% over the past week, which slightly outpaces the Sensex's return of 0.88%. However, the stock's long-term performance is concerning, with a significant decline of 40.27% over the past year compared to the Sensex's minor drop of 0.67%. This disparity indicates that while the stock may have some short-term resilience, its overall performance remains weak relative to the broader market, contributing to the downward pressure on its price.
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