Why is Shanti Spintex falling/rising?

Jun 20 2025 10:51 PM IST
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As of 20-Jun, Shanti Spintex Ltd is currently priced at Rs 70.00, reflecting a 5.23% increase. Despite strong recent performance and outpacing the benchmark Sensex, concerns about declining investor participation may affect future trading interest.
As of 20-Jun, Shanti Spintex Ltd is experiencing a price increase, currently at Rs 70.00, reflecting a rise of Rs 3.48 or 5.23%. The stock has shown strong performance today, outperforming its sector by 4.85% and opening with a gain of 3.5%. It reached an intraday high of Rs 70, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there are concerns regarding falling investor participation, as the delivery volume on June 18 dropped by 87.18% compared to the 5-day average, indicating a potential decrease in trading interest. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.

In the broader market context, Shanti Spintex has outperformed the benchmark Sensex over the past week and month, with returns of 7.68% and 20.63%, respectively, compared to the Sensex's 1.59% and 1.50%. This indicates that the stock is gaining traction relative to the overall market, contributing to its rising price. However, year-to-date, the stock has lagged behind the Sensex, with a return of 0.72% compared to the benchmark's 5.46%, suggesting that while the stock is currently rising, it has not consistently kept pace with broader market trends over a longer timeframe.
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