Why is Shanti Spintex falling/rising?
As of 02-September, Shanti Spintex Ltd's stock price is Rs 71.95, up 2.79% today but down 2.44% over the past week and 0.55% year-over-year. Despite recent volatility, it has outperformed the Sensex year-to-date, indicating a relatively stronger position in the market.
As of 02-September, Shanti Spintex Ltd's stock price is currently at Rs 71.95, reflecting an increase of Rs 1.95 or 2.79%. The stock has outperformed its sector today by 1.8%, reaching an intraday high of Rs 71.95. However, despite this positive movement, the stock has experienced a decline of 2.44% over the past week and a slight decrease of 0.55% over the past year. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 80.77% compared to the 5-day average, which may indicate a lack of sustained interest from investors. 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's short-term performance has been better than the benchmark Sensex, which has decreased by 0.78% over the past week. Year-to-date, Shanti Spintex has shown a positive return of 3.53%, outperforming the Sensex's 2.58% gain. This suggests that while the stock is currently experiencing some volatility, it has managed to maintain a relatively stronger position compared to the overall market trend in the short term.
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