Why is Shanti Spintex falling/rising?
As of 09-Oct, Shanti Spintex Ltd's stock price is Rs 57.30, down 6.07%, with significant underperformance reflected in a -10.47% return over the past week and -15.72% over the past month. The stock is trading below all major moving averages, indicating a bearish trend and declining investor participation.
As of 09-Oct, Shanti Spintex Ltd is experiencing a decline in its stock price, currently at Rs 57.30, which represents a decrease of Rs 3.7 or 6.07%. The stock has underperformed significantly, with a 1-week return of -10.47% and a 1-month return of -15.72%. Today's trading activity indicates erratic patterns, as the stock did not trade on one day out of the last 20. It touched an intraday low of Rs 57.30, and the weighted average price suggests that more volume was traded closer to this low price. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 47.37% compared to the 5-day average.In the broader market context, Shanti Spintex's performance contrasts sharply with the benchmark Sensex, which has gained 1.47% over the past week. This stark difference highlights the stock's struggles, as it has not only underperformed the market but also shows negative returns year-to-date at -17.55%, while the Sensex has increased by 5.16% during the same period. The lack of available positive factors further compounds the challenges facing the stock, suggesting that investor sentiment remains weak and that the company is not currently attracting positive attention in the market.
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