Why is Sastasundar Ven. falling/rising?
As of 11-Nov, Sastasundar Ventures Ltd's stock price is Rs 280.00, down 3.21%, with a significant decline in trading volume and a year-to-date drop of 10.87%. The stock has underperformed compared to the Sensex, which has risen by 0.49% over the past week.
As of 11-Nov, Sastasundar Ventures Ltd is experiencing a decline in its stock price, currently at Rs 280.00, which reflects a decrease of Rs 9.3 or 3.21%. The stock has underperformed its sector by 1.23% today, reaching an intraday low of Rs 280. The trading volume has significantly decreased, with delivery volume falling by 51.78% compared to the 5-day average. Over the past week, the stock has declined by 5.77%, and it has shown a year-to-date decrease of 10.87%, indicating a consistent downward trend in its performance.In the broader market context, the Sensex has increased by 0.49% over the past week, contrasting with Sastasundar's decline. This underperformance is further highlighted by the stock's year-on-year return of -18.13%, while the Sensex has gained 5.50% in the same period. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, 50-day, and 100-day averages, although it remains above the 200-day moving average. This suggests a bearish sentiment among investors, compounded by falling participation and liquidity concerns, which may be contributing to the stock's recent price decline.
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