Why is Shiva Suitings falling/rising?

Jun 06 2025 02:35 PM IST
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As of 05-Jun, Shiva Suitings Ltd's stock price is flat at Rs 23.10, showing a positive short-term performance with a 5% increase over the past week, but it has declined 15.48% year-to-date. Despite outperforming its sector today, the stock's longer-term performance lags behind the broader market.
As of 05-Jun, Shiva Suitings Ltd's stock price is flat at Rs 23.10, with no change (0.00%). The stock has shown a positive performance today, outperforming its sector by 4.65% and opening with a gain of 5%. It reached an intraday high of Rs 23.1, maintaining this price throughout the trading session. Over the past week, the stock has increased by 5.00%, and over the past month, it has risen by 8.96%. However, it has experienced a year-to-date decline of 15.48%. The stock's trading activity has been erratic, with no trades on 5 out of the last 20 days, but there has been a rise in investor participation, as indicated by a stable delivery volume. The stock is currently trading higher than its 5-day moving average but lower than its longer-term moving averages, suggesting mixed momentum.

In the broader market context, the Sensex has shown a slight decline of 0.23% over the past week, while Shiva Suitings has significantly outperformed this benchmark. The stock's positive returns over the short term contrast with its year-to-date performance, which lags behind the Sensex's gain of 4.23%. This divergence indicates that while the stock is currently experiencing a positive trend, it has not kept pace with the broader market over the longer term. Overall, the recent upward movement in Shiva Suitings' stock price can be attributed to short-term gains and increased investor interest, despite its overall negative performance year-to-date.
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