Why is Salona Cotspin falling/rising?
As of 03-Nov, Salona Cotspin Ltd. is facing a significant decline in its stock price, currently at Rs 252.25, down 13.02% and underperforming its sector. The stock has seen a sharp decrease in delivery volume and has a year-to-date decline of 8.87%, contrasting with the positive performance of the benchmark Sensex.
As of 03-Nov, Salona Cotspin Ltd. is experiencing a decline in its stock price, currently at Rs 252.25, which reflects a decrease of Rs 37.75 or 13.02%. The stock has underperformed its sector by 13.8% today and opened with a significant loss of 5.17%. Additionally, the stock touched an intraday low of Rs 252.25. Over the past week, it has seen a return of -8.80%, while its year-to-date performance is down by 8.87%. The stock's delivery volume has also decreased sharply, falling by 72.99% against the 5-day average, indicating a drop in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has gained 3.41% over the past month. While the Sensex has shown resilience with a year-to-date increase of 7.47%, Salona Cotspin's performance has been notably poor, with a year-over-year decline of 20.53%. This stark difference in performance suggests that the stock is struggling significantly compared to the overall market, contributing to its current downward trend.
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