Why is Shree Rama News. falling/rising?
As of 13-Oct, Shree Rama Newsprint Ltd's stock price is Rs 30.09, down 4.66%, and has underperformed its sector. The stock is in a bearish trend, trading below all major moving averages, with a significant drop in delivery volume and poor short-term performance compared to the Sensex.
As of 13-Oct, Shree Rama Newsprint Ltd is experiencing a decline in its stock price, currently at Rs 30.09, which represents a decrease of 1.47 or 4.66%. The stock has underperformed its sector by 3.38% today and has been on a downward trend, losing 5.17% over the last two days. It has also touched an intraday low of Rs 30.04. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has significantly decreased by 46.94% compared to the 5-day average, suggesting a drop in investor participation.In the broader market context, Shree Rama Newsprint Ltd's short-term performance has been notably poor, with a 1-week return of -7.87%, contrasting sharply with the Sensex, which has gained 0.66% in the same period. Over the past month, the stock has also declined by 2.94%, while the Sensex has increased by 0.52%. Despite a strong year-to-date performance of +65.88%, the recent trends indicate a significant downturn in investor sentiment and participation, contributing to the stock's current decline.
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