Why is Shree Rama News. falling/rising?
As of 24-Sep, Shree Rama Newsprint Ltd's stock price is 32.07, down 2.34%, and has underperformed recently, losing 7.63% over three days. Despite a strong year-to-date increase of 76.79%, the stock is currently declining and not keeping pace with the broader market.
As of 24-Sep, Shree Rama Newsprint Ltd is experiencing a decline in its stock price, currently at 32.07, which reflects a decrease of 0.77 or 2.34%. The stock has been underperforming, having lost 7.63% over the last three days and is currently lower than its 5-day, 50-day, and 100-day moving averages, despite being higher than the 20-day and 200-day moving averages. Additionally, the stock has underperformed its sector by 2.15% today. In terms of returns, the stock has shown a year-to-date increase of 76.79% and a one-year increase of 54.63%, indicating strong long-term performance, although it has faced a 3.35% decline over the past month.In the broader market context, the Sensex has seen a slight increase of 0.50% over the past month, while Shree Rama Newsprint Ltd has declined by 3.35%, suggesting that the stock is not keeping pace with the benchmark index. Despite the recent downturn, there has been a notable rise in investor participation, with delivery volume increasing by 732.33% compared to the 5-day average, indicating heightened interest in the stock. However, the overall market sentiment appears to be weighing on the stock's performance, as evidenced by its consecutive falls and underperformance relative to both its sector and the benchmark index.
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