Why is Shanti Guru Inds falling/rising?
As of 26-Jun, Shanti Guru Industries Ltd is currently priced at 12.92, reflecting a recent rise of 1.97% and strong short-term gains, but it has seen a significant drop in delivery volume by 90%, indicating potential concerns about future investor interest. Despite its recent performance, the stock has declined by 22.91% over the past year, underperforming compared to the broader market.
As of 26-Jun, Shanti Guru Industries Ltd is experiencing a price increase, currently at 12.92, reflecting a rise of 0.25 or 1.97%. The stock has shown strong performance recently, gaining 45.82% over the last nine days and outperforming its sector by 2.06% today. In terms of returns, the stock has increased by 20.19% over the past week and 47.32% over the past month, significantly outpacing the Sensex, which rose by 2.94% and 1.92% respectively. However, it is noteworthy that the stock's delivery volume has fallen by 90% compared to the five-day average, indicating a decline in investor participation, which could impact future price movements.Broader Market Context: The stock's impressive short-term performance contrasts sharply with its longer-term returns, as it has declined by 22.91% over the past year and 2.12% over the past five years, while the Sensex has increased by 6.46% and 138.14% in the same periods. This suggests that while Shanti Guru Industries Ltd is currently benefiting from a strong upward trend, its historical performance has been less favorable compared to the broader market. The stock's current liquidity is adequate for trading, but the significant drop in delivery volume may raise concerns about sustained interest from investors moving forward.
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