Why is Setubandhan Inf. falling/rising?
As of 17-Oct, Setubandhan Infrastructure Ltd's stock price is declining at 0.54, down 3.57%, with a year-to-date drop of 32.50% and a three-year decline of 69.32%. The stock is underperforming its sector and the broader market, reflecting weak investor sentiment and participation.
As of 17-Oct, Setubandhan Infrastructure Ltd is experiencing a decline in its stock price, currently at 0.54, which represents a decrease of 0.02 or 3.57%. The stock has underperformed its sector by 3.2% today and has been on a downward trend, losing 6.9% over the past week. Additionally, it has fallen significantly over longer periods, with a year-to-date decline of 32.50% and a staggering 69.32% drop over the last three years. The stock is trading below its moving averages across all time frames, indicating a persistent bearish trend. Furthermore, investor participation has decreased sharply, with delivery volume dropping by 80.96% compared to the five-day average, suggesting a lack of confidence among investors.In the broader market context, the Sensex has shown a positive return of 1.76% over the past week, contrasting sharply with Setubandhan's negative performance. This divergence highlights the stock's struggles relative to the overall market, where it has consistently underperformed, as evidenced by its year-on-year return of -35.71% compared to the Sensex's 3.64%. The significant lag in performance against the benchmark indicates that investor sentiment towards Setubandhan Infrastructure Ltd is weak, contributing to its declining stock price.
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