Why is Shine Fashions falling/rising?
As of 15-Oct, Shine Fashions (India) Ltd's stock price is Rs 41.00, down 8.89%, significantly underperforming its sector and the benchmark Sensex. The stock shows a bearish trend with low investor confidence and a year-to-date decline of 16.03%.
As of 15-Oct, Shine Fashions (India) Ltd is experiencing a decline in its stock price, currently at Rs 41.00, which represents a decrease of 4.0 or 8.89%. The stock has underperformed significantly today, with a performance that is 10.66% lower than its sector. It has also shown erratic trading patterns, not trading on 2 out of the last 20 days, and reached an intraday low of Rs 41. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has dropped sharply, with delivery volume falling by 95.15% compared to the 5-day average, suggesting a lack of confidence among investors. There is no information available regarding positive or negative factors that could influence the stock's movement.Broader market context indicates that Shine Fashions has underperformed relative to the benchmark Sensex, with a 1-week return of -14.58% compared to the Sensex's gain of 1.02%. Year-to-date, the stock has declined by 16.03%, while the Sensex has increased by 5.72%. This stark contrast in performance highlights the challenges faced by Shine Fashions in the current market environment, further contributing to the downward pressure on its stock price.
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