Why is Shiva Texyarn falling/rising?
As of 22-Sep, Shiva Texyarn Ltd's stock price is at 188.10, down 0.48%. Despite short-term outperformance against the Sensex, the stock has significantly underperformed year-to-date, declining 13.34%.
As of 22-Sep, Shiva Texyarn Ltd's stock price is currently at 188.10, reflecting a decrease of 0.9, or 0.48%. The stock's performance today is inline with the sector, although it is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 29.61% against the 5-day average. Year-to-date, the stock has underperformed significantly, showing a decline of 13.34%, while it has gained 3.29% over the past year. Unfortunately, there are no positive or negative factors available to further explain the recent movement.In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of 1.02% compared to the benchmark's 0.46%. Over the past month, Shiva Texyarn has also shown a stronger performance with a return of 3.21% versus the Sensex's 1.05%. However, the year-to-date performance indicates a stark contrast, as the stock has declined while the benchmark has risen. This suggests that while the stock may have some short-term resilience, its overall performance remains weak relative to the broader market trends.
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