Why is SEL Mfg. Co falling/rising?
As of 23-Sep, SEL Manufacturing Company Ltd's stock price is declining at 30.30, down 0.98%, and has underperformed significantly over the past year with a 47.85% drop compared to the Sensex's 3.33% decline. Despite a slight improvement in short-term performance, the stock remains below key moving averages and faces ongoing challenges in a stronger market.
As of 23-Sep, SEL Manufacturing Company Ltd is experiencing a decline in its stock price, currently at 30.30, which reflects a decrease of 0.3 or 0.98%. The stock has been underperforming, having lost 3.16% over the last two days and trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, while the stock has seen a rise in delivery volume by 34.63% against the 5-day average, it still underperformed its sector by 0.36%. Over the past year, the stock has significantly underperformed the benchmark, with a decline of 47.85% compared to the Sensex's drop of only 3.33%.In the broader market context, SEL Manufacturing's short-term performance has been relatively better than the benchmark, with a 1-week return of 0.56% compared to the Sensex's decline of 0.34%. However, the longer-term picture is concerning, as the stock has fallen 32.86% year-to-date, while the Sensex has gained 5.07%. This stark contrast highlights the challenges faced by SEL Manufacturing in a market that is generally performing better. The lack of positive factors in the dashboard further emphasizes the difficulties the company is encountering, contributing to the downward pressure on its stock price.
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