Why is Shivalic Power falling/rising?
As of 18-Sep, Shivalic Power Control Ltd's stock price is Rs. 99.95, down 1.96%, and has hit a new 52-week low. The stock has significantly underperformed compared to the Sensex, with a year-to-date decline of 57.37%.
As of 18-Sep, Shivalic Power Control Ltd is experiencing a decline in its stock price, currently at Rs. 99.95, which reflects a decrease of Rs. 2.0 or 1.96%. The stock has underperformed significantly, with a 1-week return of -2.20% and a 1-month return of -12.59%. Additionally, it has hit a new 52-week low of Rs. 98 today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 10.57% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Shivalic Power's performance contrasts sharply with the benchmark Sensex, which has gained 1.67% over the past week and 2.20% over the past month. Year-to-date, Shivalic Power has seen a staggering decline of 57.37%, while the Sensex has increased by 7.52%. This stark difference highlights the stock's struggles in a generally positive market environment, further contributing to its downward trajectory.
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