Why is Shree Ganesh Rem falling/rising?
As of 05-Aug, Shree Ganesh Remedies Ltd's stock price is Rs. 554.00, down 1.09%, and has reached a 52-week low of Rs. 546. The stock has significantly underperformed compared to the Sensex, with year-to-date and one-year declines of 13.16% and 30.97%, respectively.
As of 05-Aug, Shree Ganesh Remedies Ltd is experiencing a decline in its stock price, currently at Rs. 554.00, which reflects a decrease of Rs. 6.1 or 1.09%. The stock has recently hit a new 52-week low of Rs. 546 and has been on a downward trend, falling for the last two days with a total decline of 3.79%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has underperformed significantly over various periods, with a year-to-date decline of 13.16% and a one-year drop of 30.97%, contrasting sharply with the Sensex, which has gained 3.29% and 2.48% over the same periods. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Shree Ganesh Remedies Ltd's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.77% over the past week compared to the stock's 4.48% drop. This underperformance is further highlighted by the stock's year-to-date and one-year returns, which are significantly negative, while the Sensex has shown positive growth. The liquidity of the stock remains adequate, with a delivery volume that is consistent with its trading patterns, but the overall market sentiment appears to be unfavorable, contributing to the stock's recent price decline.
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