Why is SAL Automotive falling/rising?
As of 16-Sep, SAL Automotive Ltd's stock price is at 256.95, down 0.41%. The stock has underperformed recently, with a year-to-date decline of 5.53% and a significant drop of 33.81% over the past year, despite strong long-term performance.
As of 16-Sep, SAL Automotive Ltd's stock price is currently at 256.95, reflecting a decrease of 1.05, or 0.41%. The stock has been underperforming, having lost 1.14% over the last three days and is currently underperforming its sector by 1.38%. In terms of returns, the stock has shown a decline of 5.53% year-to-date and a significant drop of 33.81% over the past year, despite a strong performance of 175.25% over the last three years. The stock is trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 73.11% against the 5-day average, indicating some interest despite the recent price decline. There are no positive or negative factors available to further explain the stock's recent movement.Broader market context shows that SAL Automotive's short-term performance has lagged behind the benchmark, with a 1-week return of -0.39% compared to the Sensex's gain of 1.58%. While the stock has performed well over the longer term, its recent underperformance in the short term, coupled with a negative trend in price movement, suggests that investor sentiment may be cautious. The broader market has been relatively stable, as indicated by the Sensex's positive returns, which contrasts with SAL Automotive's recent struggles.
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