Why is Shanti Spintex falling/rising?
As of 10-Jul, Shanti Spintex Ltd is priced at 70.00, showing no change. The stock has recently performed well with a 1-week return of +0.72% and a 1-month return of +9.38%, but it has underperformed the Sensex on a year-to-date basis.
As of 10-Jul, Shanti Spintex Ltd is currently priced at 70.00, showing no change (0.00%). The stock has demonstrated a positive performance recently, with a 1-week return of +0.72% and a 1-month return of +9.38%. Additionally, it outperformed its sector by 0.3% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 33.33% against the 5-day average. However, the stock has experienced erratic trading, having not traded on 2 out of the last 20 days. There is no information available regarding positive or negative factors that could influence the stock's movement.Broader Market Context: In comparison to the benchmark Sensex, Shanti Spintex has outperformed in the short term, with a 1-week return of +0.72% against the Sensex's -0.06%. Over the past month, while the stock has risen by +9.38%, the Sensex has only increased by +0.97%. However, on a year-to-date basis, Shanti Spintex has lagged behind the Sensex, with a return of +0.72% compared to the benchmark's +6.46%. This context suggests that while the stock is currently performing well in the short term, it has not kept pace with broader market trends over the longer term.
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