Why is Shoora Designs falling/rising?
As of 03-Sep, Shoora Designs Ltd's stock price is Rs 58.15, down 2.6%, and has underperformed its sector by 4.49%. The stock is trading below all key moving averages and has a year-to-date return of -19.46%, indicating a bearish trend and declining investor interest.
As of 03-Sep, Shoora Designs Ltd is experiencing a decline in its stock price, currently at Rs 58.15, which represents a decrease of Rs 1.55 or 2.6%. The stock has underperformed its sector by 4.49% today and opened with a loss of 2.6%. It has not traded on 3 out of the last 20 days, indicating erratic trading behavior. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. The delivery volume has also decreased by 28.57% compared to the 5-day average, reflecting falling investor participation. There are no positive or negative factors available to provide further context on the stock's recent movement.In the broader market context, Shoora Designs has shown a significant decline in performance, with a year-to-date return of -19.46%, while the benchmark Sensex has gained 3.11% during the same period. Over the past week, the stock has dropped by 7.26%, contrasting sharply with the Sensex's minimal decline of 0.27%. This stark difference highlights the stock's underperformance relative to the market, contributing to the negative sentiment surrounding it.
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