Why is Shankara Build. falling/rising?

Aug 08 2025 11:05 PM IST
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As of 08-Aug, Shankara Building Products Ltd's stock price is Rs 1,100.00, down 2.2%, with a significant drop in delivery volume indicating waning investor confidence. Despite strong long-term returns, recent performance shows underperformance relative to the market and suggests a potential correction phase.
As of 08-Aug, Shankara Building Products Ltd is experiencing a decline in its stock price, currently at Rs 1,100.00, which represents a decrease of Rs 24.75 or 2.2%. Today's price summary indicates that the stock underperformed its sector by 1.56%, with an intraday high of Rs 1,150.8 and a low of Rs 1,100. The stock has shown a negative trend in investor participation, with delivery volume falling by 45.24% compared to the 5-day average. Despite a strong year-to-date return of 59.36% and a 1-year return of 65.26%, the stock's recent performance has been affected by a higher trading volume near its low price, suggesting a lack of buying interest at current levels.

Broader market context reveals that the stock's short-term performance over the past week has been negative at -4.94%, while the benchmark Sensex has only declined by 0.92%. This indicates that Shankara Building Products Ltd is underperforming relative to the broader market. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume may signal waning investor confidence, contributing to the recent price decline. Overall, while the stock has shown strong long-term growth, recent trends suggest a potential correction or profit-taking phase.
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