Why is Shree Ram Prote. falling/rising?
As of 22-Sep, Shree Ram Proteins Ltd is seeing a price increase to 0.80, with a 1.27% rise and a strong 8.11% gain over the past week, though it has underperformed its sector today. Despite recent short-term recovery, the stock is down 41.18% year-to-date compared to the Sensex's gain of 6.59%.
As of 22-Sep, Shree Ram Proteins Ltd is experiencing a price increase, with the current price at 0.80, reflecting a change of 0.01 or 1.27% upward. The stock has shown a strong performance over the past week, gaining 8.11%, and an impressive 42.86% over the past month. However, it has underperformed its sector today by 1.63%. The stock has been erratic in trading, not trading on 2 out of the last 20 days, which may contribute to its volatility. Additionally, while the stock's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, they remain lower than the 200-day average, indicating mixed signals regarding its longer-term trend. There is no information available regarding positive or negative factors affecting the stock.Broader market context shows that while Shree Ram Proteins Ltd has outperformed the Sensex in the short term, with a 1-week return of 8.11% compared to the Sensex's 0.53%, it has significantly lagged behind in year-to-date performance, down 41.18% versus the Sensex's gain of 6.59%. This disparity highlights the stock's recent recovery in the short term against a backdrop of longer-term struggles. The liquidity of the stock appears adequate for trading, based on the average traded value, which may support its recent price movement.
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