Why is Shiv Texchem falling/rising?
As of 23-Oct, Shiv Texchem Ltd's stock price is Rs. 168.00, down 5.72% and at a new 52-week low, underperforming its sector and the benchmark Sensex significantly. The stock has seen a consecutive decline, trading below all major moving averages, with a notable drop in delivery volume, indicating weak investor interest.
As of 23-Oct, Shiv Texchem Ltd's stock price is currently at Rs. 168.00, reflecting a decline of Rs. 10.2 or 5.72%. The stock has recently hit a new 52-week low today and has been underperforming its sector by 5.32%. Over the past two days, the stock has experienced a consecutive fall, resulting in an overall decrease of 8.17%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a 70.24% drop compared to the 5-day average, suggesting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Shiv Texchem's performance has been notably poor compared to the benchmark Sensex. Over the past week, the stock has declined by 12.02%, while the Sensex has increased by 1.30%. This trend continues over the past month, with Shiv Texchem down 40.99% compared to the Sensex's gain of 2.99%. Year-to-date, the stock has fallen 48.62%, while the Sensex has risen by 8.21%. This stark contrast highlights the stock's significant underperformance relative to the broader market, contributing to the negative sentiment surrounding Shiv Texchem Ltd.
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