Why is Shree Ram Prote. falling/rising?
As of 09-Jun, Shree Ram Proteins Ltd's stock price is Rs. 0.68, down 5.56%, marking a new 52-week low and a year-to-date decline of 50%. The stock has significantly underperformed its sector and the broader market, indicating a bearish trend and challenges in investor confidence.
As of 09-Jun, Shree Ram Proteins Ltd is experiencing a decline in its stock price, currently at Rs. 0.68, which represents a decrease of 0.04 or 5.56%. The stock has hit a new 52-week low today and has underperformed its sector by 6.76%. Over the past week, the stock has dropped by 16.05%, and it has shown significant declines over longer periods, with a year-to-date drop of 50% and a staggering 93.18% decline over three years. The stock is trading below all its moving averages, indicating a bearish trend. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the BSE Small Cap index has gained by 1.19%, contrasting sharply with Shree Ram Proteins' poor performance. While the benchmark Sensex has shown a positive return of 1.56% over the past week, Shree Ram Proteins' significant losses highlight its struggles relative to the market. The stark difference in performance, with the stock down significantly compared to the benchmark's gains, underscores the challenges faced by the company in attracting investor confidence and maintaining its market position.
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