Why is Shanti Spintex falling/rising?

Aug 29 2025 11:03 PM IST
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As of 29-Aug, Shanti Spintex Ltd's stock price is at Rs 72.50, reflecting a 3.2% increase. Despite recent gains and strong performance compared to the benchmark, a significant drop in delivery volume raises concerns about future investor interest.
As of 29-Aug, Shanti Spintex Ltd's stock price is rising, currently at Rs 72.50, reflecting an increase of Rs 2.25 or 3.2%. The stock has shown a positive trend today, gaining after two consecutive days of decline and opening with a gain of 2.49%. It has outperformed its sector by 3.9% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a significant drop in investor participation, with delivery volume falling by 80% against the 5-day average, indicating a potential concern for future trading activity. The stock's performance over the past month shows a notable increase of 14.62%, contrasting with a decline of 1.88% in the benchmark Sensex.

In the broader market context, Shanti Spintex's short-term performance has been relatively strong compared to the benchmark, as it has gained 14.62% over the past month while the Sensex has decreased by 1.88%. This indicates that the stock is performing well against a backdrop of broader market weakness. Despite the recent rise, the significant drop in delivery volume suggests that while the stock is currently gaining, there may be underlying concerns regarding sustained investor interest and participation moving forward.
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