Why is Shanmuga Hos. falling/rising?
As of 19-Sep, Shanmuga Hospital Ltd's stock price is Rs 46.00, down 4.17%, underperforming its sector. Despite a recent increase in investor participation, the stock has lagged behind the broader market, which has seen positive returns.
As of 19-Sep, Shanmuga Hospital Ltd's stock price is currently at Rs 46.00, reflecting a decrease of Rs 2.0, or 4.17%. The stock has underperformed its sector today by 3.98%, and it reached an intraday low of Rs 46. The stock's performance over the past week shows a modest increase of 2.22%, but it has declined by 2.13% over the past month. Notably, the stock has been erratic in trading, not trading on one day out of the last 20 days. While the stock is trading above its 5-day, 100-day, and 200-day moving averages, it is below its 20-day and 50-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 251.85% against the 5-day average, indicating some interest despite the price drop.In the broader market context, the Sensex has shown a positive return of 0.88% over the past week and 1.20% over the past month, contrasting with Shanmuga Hospital's recent performance. This suggests that while the overall market is experiencing gains, Shanmuga Hospital is lagging behind. The stock's liquidity appears adequate for trading, as it is based on 2% of the 5-day average traded value. However, the lack of available positive or negative factors in the dashboard limits a deeper understanding of the specific reasons behind the stock's recent decline.
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