Why is Sh. Digvijay Cem falling/rising?
As of 23-Sep, Shree Digvijay Cement Co. Ltd's stock price is declining at 89.37, down 0.59%, following a trend reversal after two days of gains. Despite a year-to-date increase of 5.71%, the stock has underperformed compared to the Sensex over the past year and shows decreased investor participation.
As of 23-Sep, Shree Digvijay Cement Co. Ltd is experiencing a decline in its stock price, currently at 89.37, which reflects a decrease of 0.53 or 0.59%. The stock has shown a trend reversal, having fallen after two consecutive days of gains. Additionally, the stock's performance today has outperformed its sector by 0.41%. However, the stock has seen a significant decline over the past month, down 5.71%, and a year-to-date increase of 5.71, which is slightly better than the benchmark Sensex's 5.07%. The delivery volume has also decreased by 9.86% compared to the 5-day average, indicating falling investor participation, while the stock remains liquid enough for trading.In the broader market context, the stock's short-term performance over the past week shows a slight decline of 0.04%, which is better than the benchmark Sensex's decline of 0.34%. However, over the past year, Shree Digvijay Cement has underperformed compared to the Sensex, with a drop of 9.59% against the benchmark's 3.33% decline. This underperformance, coupled with the recent decrease in delivery volume and the trend reversal, suggests that investor sentiment may be cautious, contributing to the stock's current downward movement.
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