Why is Share Samadhan falling/rising?
As of 19-Sep, Share Samadhan Ltd is priced at 68.30, up 1.64%, but has shown erratic trading and underperformed its sector and the Sensex over various timeframes. Despite a recent increase in delivery volume, the stock remains below key moving averages and has a year-to-date decline of 2.78%.
As of 19-Sep, Share Samadhan Ltd is currently priced at 68.30, reflecting an increase of 1.1, or 1.64%. The stock has shown erratic trading patterns, having not traded on 2 out of the last 20 days. Despite this, it has outperformed its sector by 2.03% today, with a notable increase in delivery volume of 27.2k on September 18, which is up by 30.77% compared to the 5-day average. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 5.01%, while it has also seen a year-to-date decrease of 2.78%.In the broader market context, the Sensex has increased by 0.88% over the past week, indicating that Share Samadhan's performance is lagging behind the benchmark. While the stock has underperformed in the longer term, with a 1-month decline of 1.73% compared to the Sensex's 1.20% gain, the recent uptick in price suggests some positive investor sentiment, possibly driven by increased participation. However, the overall trend remains negative, as evidenced by the stock's year-over-year decline of 5.77% against a slightly negative Sensex return of 0.67%.
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