Why is Sanrhea Tech. falling/rising?
As of 17-Nov, Sanrhea Technical Textile Ltd's stock price is Rs 143.90, down 2.54%, with a notable decline of 9.15% over the last two days. The stock has significantly underperformed compared to the Sensex and its sector, indicating negative investor sentiment.
As of 17-Nov, Sanrhea Technical Textile Ltd is experiencing a decline in its stock price, currently at Rs 143.90, which reflects a decrease of Rs 3.75 or 2.54%. The stock has been underperforming, having lost 9.15% over the last two days, and it has also underperformed its sector by 2.59% today. The stock traded within a wide range of Rs 16.65, reaching an intraday high of Rs 154.9 and a low of Rs 138.25. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it remains lower than the 5-day and 20-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 33.36% against the 5-day average, indicating some interest despite the recent price drop.In the broader market context, Sanrhea Technical Textile Ltd's performance over the past week shows a decline of 6.56%, contrasting sharply with the Sensex, which has increased by 1.69%. Over the past month, the stock has decreased by 5.98%, while the benchmark has risen by 1.19%. Year-to-date, the stock is down 19.61%, while the Sensex has gained 8.72%. This significant underperformance relative to the benchmark and the sector suggests that investor sentiment may be negative, contributing to the stock's recent price decline.
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