Why is Salasar Techno falling/rising?
As of 06-Aug, Salasar Techno Engineering Ltd's stock price is Rs. 7.04, down 0.42%, marking a new 52-week low and a 2.63% decline over the past five days. The stock is underperforming compared to the Sensex, with a year-to-date drop of 50.42%, indicating significant challenges in the current market.
As of 06-Aug, Salasar Techno Engineering Ltd is experiencing a decline in its stock price, currently at Rs. 7.04, which represents a decrease of 0.03 or 0.42%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last five days, resulting in a total decline of 2.63% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also decreased, with delivery volume falling by 29.5% compared to the 5-day average, which suggests a lack of confidence among investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Salasar Techno's performance over the past week has been worse than the benchmark Sensex, which has only declined by 1.15%. Over the past month, Salasar Techno has fallen by 7.00%, significantly more than the Sensex's 3.46% decline. Year-to-date, the stock has plummeted by 50.42%, contrasting sharply with the Sensex's gain of 3.08%. This stark difference in performance highlights the challenges faced by Salasar Techno in the current market environment, further contributing to its declining stock price.
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