Why is Sh. Krish. Infr. falling/rising?
As of 18-September, Shree Krishna Infrastructure Ltd's stock price has declined to Rs. 24.42, marking a 4.98% drop and a new 52-week low. The stock has fallen 30.51% over the past week and 60.72% in the last month, significantly underperforming the market and experiencing a drastic decline in investor participation.
As of 18-September, Shree Krishna Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs. 24.42, which represents a decrease of 1.28 (-4.98%). The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last five days, resulting in a significant drop of 30.51% over that period. Additionally, the stock has underperformed its sector by 5.04% today. The trading activity has been erratic, with the stock not trading on one day out of the last 20 days, and it opened with a loss of 4.94% today. The weighted average price indicates that more volume has been traded close to the low price, and the stock is trading below all key moving averages. Furthermore, there has been a drastic decline in investor participation, with delivery volume dropping by 94.63% compared to the five-day average.In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a one-week return of -30.51% against the Sensex's gain of 1.80%. Over the past month, Shree Krishna Infrastructure Ltd has declined by 60.72%, while the Sensex has increased by 2.14%. Year-to-date, the stock has fallen by 64.10%, contrasting sharply with the Sensex's rise of 6.24%. This stark difference in performance highlights the challenges faced by the company relative to the overall market, contributing to the ongoing decline in its stock price.
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