Why is Shakti Press falling/rising?
As of 12-Sep, Shakti Press Ltd's stock price is at 27.75, down 2.7% and has fallen consecutively for four days, resulting in a total return of -14.88%. The stock has significantly underperformed its sector and benchmarks, with a year-to-date decline of -15.81% and a notable drop in delivery volume, indicating reduced investor interest.
As of 12-Sep, Shakti Press Ltd is experiencing a decline in its stock price, currently at 27.75, which represents a decrease of 0.77 or 2.7%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -14.88% during this period. Additionally, the stock's performance today has underperformed its sector by 2.73%. In terms of returns compared to benchmarks, Shakti Press has seen a significant decline of 22.64% over the past year, while the Sensex has only decreased by 1.28%. The stock's delivery volume has also decreased significantly, falling by 57.28% against the 5-day average, indicating a drop in investor participation.Broader Market Context: In the short term, Shakti Press has underperformed the Sensex, which has gained 1.48% over the past week while Shakti Press has lost 10.83%. This stark contrast highlights the challenges the company is facing relative to the broader market. Despite a positive return of 12.80% over the past month, the overall year-to-date performance remains negative at -15.81%, further emphasizing the stock's struggles. The liquidity of the stock appears adequate for trading, but the significant drop in delivery volume suggests waning investor interest, which could be contributing to the stock's ongoing decline.
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