Why is Sh. Krish. Infr. falling/rising?
As of 23-Sep, Shree Krishna Infrastructure Ltd's stock price is Rs. 22.81, up 3.49%, but it has recently reached a 52-week low and declined significantly over the past month. The stock is underperforming compared to the Sensex and has seen a drastic drop in investor participation.
As of 23-Sep, Shree Krishna Infrastructure Ltd's stock price is currently at Rs. 22.81, reflecting an increase of Rs. 0.77 or 3.49%. Despite this rise, the stock has recently hit a new 52-week low of Rs. 20.94 and has experienced a significant decline of 15.67% over the past week and 59.98% over the past month. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 84.72% against the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that while Shree Krishna Infrastructure Ltd has outperformed its sector by 4.41% today, its overall performance has been poor compared to the benchmark Sensex, which has only declined by 0.34% over the past week. Year-to-date, the stock has plummeted by 66.47%, while the Sensex has gained 5.07%. This stark contrast highlights the stock's struggles in the current market environment, despite today's slight recovery.
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