Why is Shiva Mills falling/rising?

Oct 17 2025 11:19 PM IST
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As of 17-Oct, Shiva Mills Ltd is currently priced at Rs 70.00, reflecting a 6.59% increase after five days of decline, but it has a significant year-to-date drop of 29.30%. Despite today's gains, investor participation has decreased notably, raising concerns about sustained interest in the stock.
As of 17-Oct, Shiva Mills Ltd is experiencing a price increase, currently at Rs 70.00, which reflects a rise of Rs 4.33 or 6.59%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It outperformed its sector by 7.57% and reached an intraday high of Rs 70. However, despite this positive movement, the stock has shown a significant year-to-date decline of 29.30% and a 1-year decline of 25.37%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 65.03% against the 5-day average, indicating a potential concern regarding sustained interest in the stock.

Broader Market Context: In the short term, Shiva Mills' performance has been underwhelming compared to the benchmark Sensex, which has gained 1.76% over the past week while Shiva Mills has declined by 0.40%. This trend is consistent with the stock's longer-term performance, where it has underperformed the Sensex across various time frames, including a 3-year decline of 43.96% compared to the benchmark's gain of 43.73%. The high volatility observed today, with an intraday volatility of 7.35%, suggests that while there may be short-term gains, the stock's overall performance remains challenged in the broader market context.
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