Why is Shanmuga Hos. falling/rising?
As of 28-Aug, Shanmuga Hospital Ltd's stock price is Rs 44.75, down 3.87% and has fallen 10.5% over the last two days. Despite increased investor participation, the stock has underperformed its sector and the benchmark Sensex over the past week and month.
As of 28-Aug, Shanmuga Hospital Ltd's stock price is currently at Rs 44.75, reflecting a decline of Rs 1.8 or 3.87%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 10.5% during this period. Today, it opened with a significant loss of 5.37% and reached an intraday low of Rs 44.05. Additionally, the stock has underperformed its sector by 3.08%. In terms of returns, the stock has decreased by 2.72% over the past week and month, while the benchmark Sensex has also shown a decline of 2.34% and 1.00%, respectively. There is a notable increase in investor participation, with delivery volume rising by 250% against the 5-day average, indicating some interest despite the price drop.Broader Market Context: The broader market context shows that while Shanmuga Hospital Ltd has been declining, the Sensex has also experienced losses, albeit at a lesser rate. The stock's performance over the last week and month indicates a stronger downward trend compared to the benchmark, suggesting that specific company factors may be influencing its price more significantly than the overall market conditions. The lack of available positive or negative factors further complicates the understanding of the stock's movement, leaving a gap in the analysis of potential catalysts or deterrents affecting investor sentiment.
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