Why is Shakti Press falling/rising?
As of 18-Nov, Shakti Press Ltd's stock price is Rs 28.75, down 4.52%, with a total decline of 7.26% over the last two days. The stock has significantly underperformed against its sector and the Sensex, with a year-to-date return of -12.77%.
As of 18-Nov, Shakti Press Ltd is experiencing a decline in its stock price, currently at Rs 28.75, which reflects a decrease of Rs 1.36 or 4.52%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.26% during this period. Additionally, the stock has underperformed its sector by 4.04% today. The trading volume indicates a significant drop in investor participation, with delivery volume on 17 November falling by 86.84% compared to the 5-day average. The stock's performance over the past week shows a decline of 4.17%, and it has underperformed the benchmark Sensex, which has gained 0.96% during the same period.In the broader market context, Shakti Press Ltd's year-to-date return stands at -12.77%, contrasting sharply with the Sensex's positive return of 8.36%. This trend of underperformance is evident over multiple time frames, including a 1-month decline of 15.44% compared to the Sensex's 0.86% increase and a 1-year decline of 12.05% against the Sensex's 9.48% rise. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, and 50-day moving averages, suggesting a bearish trend. Overall, the combination of declining stock performance, reduced investor interest, and unfavorable comparisons to the benchmark indicates a challenging environment for Shakti Press Ltd.
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