Why is Shree Marutinand falling/rising?
As of 10-Sep, Shree Marutinandan Tubes Ltd's stock price is declining at 95.00, down 1.55%, with a total drop of 3.06% over the last two days. Despite recent short-term gains, the stock has significantly underperformed year-to-date and over the past year, with declines of -46.88% and -56.42%, respectively.
As of 10-Sep, Shree Marutinandan Tubes Ltd is experiencing a decline in its stock price, currently at 95.00, which reflects a decrease of 1.5 or 1.55%. The stock has underperformed its sector by 1.16% today and has been on a consecutive fall for the last two days, accumulating a total decline of 3.06% during this period. Despite a positive performance over the past week and month, with returns of 5.44% and 14.94% respectively, the year-to-date and one-year returns are significantly negative at -46.88% and -56.42%. Additionally, the stock's delivery volume has decreased by 16.67% compared to the five-day average, indicating falling investor participation.In the broader market context, the Sensex has shown a modest increase of 1.06% over the past week and 1.96% over the past month, contrasting with the stock's recent struggles. While the stock has outperformed the benchmark in the short term, its long-term performance remains weak, particularly with a year-to-date decline that is starkly negative compared to the Sensex's positive return of 4.21%. This disparity highlights the challenges faced by Shree Marutinandan Tubes Ltd in maintaining investor confidence amidst a generally stable market environment.
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