Why is Salasar Exterior falling/rising?
As of 10-Nov, Salasar Exteriors & Contour Ltd's stock price is Rs. 5.15, down 4.63% and at a new all-time low, underperforming its sector and trading below all moving averages. The stock has seen a year-to-date decline of 71.86% and a 1-year drop of 77.75%, reflecting ongoing challenges and weak investor sentiment.
As of 10-Nov, Salasar Exteriors & Contour Ltd is experiencing a decline in its stock price, currently at Rs. 5.15, reflecting a decrease of Rs. 0.25 or 4.63%. The stock has hit a new 52-week and all-time low today, indicating significant downward pressure. It has underperformed its sector by 4.58% and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has shown erratic trading patterns, not trading on 4 out of the last 20 days. The year-to-date performance shows a staggering decline of 71.86%, with a 1-year drop of 77.75%, highlighting ongoing challenges for the company.In the broader market context, the Sensex has only decreased by 0.73% over the past week, contrasting sharply with Salasar's 4.63% decline, indicating that the stock is underperforming relative to the benchmark. Over the past month, while the Sensex has gained 1.14%, Salasar's stock has dropped by 8.85%, further emphasizing its struggles. The significant negative returns over various periods, including a 3-year decline of 85.59%, suggest that investor sentiment is weak, and the lack of positive factors available may contribute to the stock's continued downward trajectory.
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