Why is Saumya Cons falling/rising?
As of 23-Jun, Saumya Consultants Ltd's stock price has declined to Rs. 133, marking a 5.0% drop and a new 52-week low. The stock has significantly underperformed its sector and the broader market, with a year-to-date decrease of 58.25% and a bearish trend indicated by trading below all moving averages.
As of 23-Jun, Saumya Consultants Ltd is experiencing a decline in its stock price, currently at Rs. 133, which reflects a decrease of Rs. 7.0 or 5.0%. The stock has hit a new 52-week low today and has underperformed its sector by 5.53%. Over the past week, the stock has decreased by 9.34%, and its year-to-date performance shows a significant drop of 58.25%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. While there has been a notable increase in delivery volume, which rose by 351.81% against the 5-day average, the overall sentiment remains negative due to the erratic trading pattern, as the stock did not trade on 2 out of the last 20 days.In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting sharply with Saumya Consultants' performance. This suggests that the stock is not only underperforming relative to its sector but also lagging behind the overall market. The stark difference in returns, with the stock down 12.50% over the past month compared to the Sensex's 0.22% increase, further highlights the challenges faced by Saumya Consultants Ltd in attracting investor confidence amidst its declining performance.
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