Why is Shanti Guru Inds falling/rising?
As of 17-Nov, Shanti Guru Industries Ltd's stock price is declining at 7.82, down 4.75%, and has underperformed its sector and the broader market significantly. Despite a recent increase in investor participation, the stock shows a bearish trend with substantial losses over various time frames.
As of 17-Nov, Shanti Guru Industries Ltd is experiencing a decline in its stock price, currently at 7.82, reflecting a decrease of 0.39 or 4.75%. The stock has underperformed its sector by 5.16% today, and it has shown erratic trading patterns, not trading on 2 out of the last 20 days. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 13.40%, and year-to-date, it has decreased by 23.78%, while its one-year performance shows a significant decline of 55.89%. There is a slight positive note with rising investor participation, as delivery volume increased by 66.67% on November 13 compared to the 5-day average, but overall, the lack of positive factors in the dashboard suggests a challenging environment for the stock.In the broader market context, Shanti Guru Industries Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.69% over the past week and 8.72% year-to-date. This stark difference highlights the stock's underperformance relative to the market, as it has not only lagged behind in the short term but also over longer periods, with a three-year return of -13.11% compared to the Sensex's 37.57%. The overall market conditions appear to favor other investments, further contributing to the downward pressure on Shanti Guru Industries Ltd's stock price.
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