Why is Shelter Infra falling/rising?
As of 06-Nov, Shelter Infra Projects Ltd is facing a significant decline in its stock price, currently at Rs 17.00, down 8.11%. The stock has underperformed against benchmarks and has seen a drastic drop in investor participation, indicating ongoing challenges specific to the company.
As of 06-Nov, Shelter Infra Projects Ltd is experiencing a decline in its stock price, currently at Rs 17.00, which represents a decrease of 1.5 (-8.11%). The stock has been underperforming, having fallen consecutively for the last two days with a total decline of -8.55%. Today, it opened with a significant loss of -8.11% and reached an intraday low of Rs 17. The stock has also shown a narrow trading range of Rs 0.13 and has been losing investor participation, with delivery volume dropping by -99.84% compared to the 5-day average. In terms of performance against benchmarks, the stock has underperformed the sector by -6.56% today and has a year-to-date return of -8.21%, contrasting with the Sensex's gain of +6.62%.Broader Market Context: In the short term, the stock's performance has been notably weaker than the benchmark, with a 1-week return of -5.56% compared to the Sensex's decline of -1.30%. While the stock has shown some resilience over longer periods, such as a +4.62% return over the past year, its recent performance indicates significant challenges. The broader market context suggests that while the Sensex has been gaining, Shelter Infra's struggles may be attributed to specific company issues rather than overall market trends.
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