Why is Sangam Finserv falling/rising?
As of 18-Nov, Sangam Finserv Ltd's stock price is Rs 30.75, down 2.87%, and has fallen 6.51% over the last two days. It is trading below all key moving averages and is close to its 52-week low, indicating weak performance despite increased investor participation.
As of 18-Nov, Sangam Finserv Ltd is experiencing a decline in its stock price, currently at Rs 30.75, which reflects a decrease of -0.91 or -2.87%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of -6.51% during this period. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being only 3.41% away from Rs 29.7. Despite a significant increase in delivery volume by 236.1% compared to the 5-day average, which indicates rising investor participation, the overall performance remains weak, as evidenced by its year-to-date decline of -41.28% compared to the Sensex's gain of +8.36%.In the broader market context, Sangam Finserv's short-term performance has been notably poor, with a 1-week return of -5.79%, contrasting sharply with the Sensex, which has gained +0.96% over the same period. This stark difference highlights the stock's struggles relative to the overall market. The lack of available positive factors further emphasizes the challenges facing the company, as it continues to lag behind both its sector and the benchmark index.
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