Why is Sharp India falling/rising?
As of 24-Jun, Sharp India Ltd's stock price is at 61.62, having increased by 1.92% recently. Despite short-term gains, the stock has declined by 29.52% over the past year, indicating a temporary recovery amidst longer-term challenges.
As of 24-Jun, Sharp India Ltd's stock price is currently at 61.62, reflecting an increase of 1.16, or 1.92%. The stock has shown a strong performance in the short term, with a 5.55% increase over the past week and an 8.01% rise over the past month, significantly outperforming the Sensex, which has only increased by 0.58% and 0.41% in the same periods, respectively. However, the stock has experienced erratic trading, not trading on one day out of the last 20 days, and has seen a decline in investor participation, with delivery volume falling by 38.59% against the 5-day average. Additionally, while the stock is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, it remains below the 100-day moving average.In the broader market context, Sharp India's recent performance contrasts sharply with its long-term returns, as it has declined by 29.52% over the past year, while the Sensex has increased by 6.10%. Despite the recent positive momentum, the stock's liquidity remains adequate for trading, with a delivery volume indicating it is liquid enough for trade sizes of Rs 0 crore. The lack of available positive or negative factors in the dashboard limits a deeper analysis of the influences on the stock's movement, but the recent upward trend suggests a temporary recovery amidst longer-term challenges.
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