Why is Sh. Ajit Pulp falling/rising?
As of 15-Sep, Shree Ajit Pulp and Paper Ltd's stock price is at 237.00, down 1.76% and underperforming compared to the broader market. Despite a year-to-date increase of 13.94%, recent trends show a decline in the stock's performance over the past week and month.
As of 15-Sep, Shree Ajit Pulp and Paper Ltd's stock price is currently at 237.00, reflecting a decline of 4.25, or 1.76%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.47% during this period. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. The stock's performance over the past week shows a decrease of 0.57%, and over the past month, it has declined by 2.57%. However, it has shown a year-to-date increase of 13.94%. There is a notable rise in investor participation, with delivery volume increasing by 44.72% against the 5-day average, indicating some interest despite the recent price drop.In the broader market context, the Sensex has increased by 1.24% over the past week and 1.47% over the past month, contrasting with Shree Ajit Pulp's negative returns during the same periods. This suggests that the stock is not only underperforming relative to its own historical performance but also lagging behind the overall market trends. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. However, without specific positive or negative factors available, it is challenging to pinpoint the exact reasons behind the stock's recent decline beyond the observed performance metrics.
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