Why is Shree Ram Prote. falling/rising?
As of 06-Oct, Shree Ram Proteins Ltd's stock price is at 0.74, down 2.63%, with a year-to-date decline of 45.59% and a 90.40% drop over three years. Its recent performance shows mixed signals, underperforming against the market and sector, indicating a lack of investor confidence.
As of 06-Oct, Shree Ram Proteins Ltd is experiencing a decline in its stock price, currently at 0.74, which reflects a decrease of 0.02 or 2.63%. The stock has underperformed its sector today by 6.3%. In terms of returns, the stock has shown a significant decline over the longer term, with a year-to-date drop of 45.59% and a staggering 90.40% decrease over the past three years. While it has performed positively over the past month with a 10.45% increase, this is overshadowed by its overall negative trend. The stock's moving averages indicate that it is currently higher than the 20-day, 50-day, and 100-day averages but lower than the 5-day and 200-day averages, suggesting mixed signals regarding its recent performance. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, as it has decreased by 9.76% over the past week while the Sensex has increased by 1.80%. This stark contrast highlights the stock's struggle to keep pace with the overall market, which has shown resilience with a year-to-date gain of 6.06%. The significant underperformance of Shree Ram Proteins Ltd against the benchmark and its sector indicates a lack of investor confidence, contributing to the downward pressure on its stock price.
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