Why is Shigan Quantum falling/rising?
As of 18-Sep, Shigan Quantum Technologies Ltd is priced at Rs 64.20, down 0.47%, and has significantly underperformed with a year-to-date decline of 43.19%. Despite a recent increase in delivery volume, the stock remains weak compared to the broader market, which has shown positive returns.
As of 18-Sep, Shigan Quantum Technologies Ltd is currently priced at Rs 64.20, reflecting a decrease of Rs 0.3 or 0.47%. The stock has been underperforming significantly, with a 1-week return of -9.58%, a 1-month return of -21.71%, and a year-to-date decline of -43.19%. Additionally, it is trading lower than all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being only 4.21% away from Rs 61.5. Despite a rise in delivery volume by 18.42% against the 5-day average, there are no available positive or negative factors to indicate a change in sentiment.Broader market context shows that the Sensex has been performing well, with a 1-week return of +1.67% and a 1-month return of +2.20%. This stark contrast highlights Shigan Quantum's struggles, as it has significantly underperformed the benchmark index over various periods, including a 1-year return of -45.29% compared to the Sensex's +0.18%. The liquidity of the stock appears adequate for trading, but the overall negative performance relative to the market suggests that investor sentiment remains weak.
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