Why is Sati Poly falling/rising?
As of 09-Oct, Sati Poly Plast Ltd's stock price is declining at 63.75, down 4.99%, and significantly underperforming compared to its sector and the Sensex. The stock is trading below all major moving averages and has seen a substantial drop in delivery volume, reflecting ongoing challenges and a lack of investor interest.
As of 09-Oct, Sati Poly Plast Ltd is experiencing a decline in its stock price, currently at 63.75, which reflects a decrease of 3.35 or 4.99%. The stock has underperformed significantly today, with a performance that is 5.16% lower than its sector. Additionally, Sati Poly is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also dropped sharply, with a 69.39% decrease compared to the 5-day average, suggesting a lack of investor interest. The stock has shown poor performance over various periods, with a year-to-date decline of 66.97% and a one-year decline of 67.29%, indicating ongoing challenges for the company.In the broader market context, the stock's performance contrasts sharply with the benchmark index, the Sensex, which has gained 6.50% year-to-date. Over the past week, Sati Poly has decreased by 5.13%, while the Sensex has increased by 1.39%. This stark difference highlights the stock's struggles relative to the overall market. The lack of available positive factors further compounds the negative sentiment surrounding the stock, as there are no indications of improving conditions or investor confidence.
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