Why is Shanti Spintex falling/rising?

Jun 30 2025 11:02 PM IST
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As of 30-Jun, Shanti Spintex Ltd's stock price is rising to Rs 70.10, with a recent increase of 3.09%. Despite short-term gains, its year-to-date return of 0.86% underperforms the Sensex's 7.00%, indicating potential challenges in sustaining momentum.
As of 30-Jun, Shanti Spintex Ltd's stock price is rising, currently at Rs 70.10, reflecting an increase of Rs 2.1 or 3.09%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and opened with a significant gain of 2.94% today. It reached an intraday high of Rs 71, marking a 4.41% increase. Over the past month, the stock has outperformed the sector by 2.25%, and its one-month return stands at 16.83%, compared to the Sensex's 2.65%. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.54% against the five-day average, indicating a potential concern regarding sustained interest in the stock.

In the broader market context, while Shanti Spintex's short-term performance has been strong, its year-to-date return of 0.86% lags behind the Sensex's 7.00%. This suggests that while the stock is experiencing a positive movement recently, it has not kept pace with the overall market performance over a longer timeframe. The stock's performance over the past week shows a modest gain of 0.19%, which is significantly lower than the Sensex's 2.09% increase, indicating that while the stock is rising today, it may still be facing challenges in maintaining momentum relative to the broader market.
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