Why is Sh. Steel Wire falling/rising?
As of 05-Aug, Shree Steel Wire Ropes Ltd's stock price has increased to 29.90, up 2.08% today, but it has declined 7.40% over the past month and 24.11% year-to-date. The stock's performance is weaker than the benchmark Sensex, which has gained 3.29% this year, indicating challenges in maintaining investor interest and market position.
As of 05-Aug, Shree Steel Wire Ropes Ltd is experiencing a price increase, with the current price at 29.90, reflecting a change of 0.61 or 2.08% upward. Despite this positive movement today, the stock has shown a decline of 7.40% over the past month and a significant drop of 24.11% year-to-date. The stock's performance today has outperformed its sector by 2.02%, although it is trading higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 40.1% against the 5-day average, indicating reduced trading interest. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Shree Steel Wire Ropes Ltd has shown a flat performance over the past week, with a return of 0.00%, while the benchmark Sensex has declined by 0.77%. This suggests that while the stock has managed to rise today, it has not been able to maintain a strong position relative to the broader market trends over the past month and year. The stock's year-to-date performance is significantly worse than the Sensex, which has gained 3.29% during the same period. This disparity highlights the challenges faced by the company in comparison to the overall market performance, contributing to the stock's volatility and recent price movements.
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