Why is Shri Ahimsa falling/rising?
As of 05-Sep, Shri Ahimsa Naturals Ltd is currently priced at 217.00, reflecting a monthly return of +14.85%, but has seen a 57.32% drop in delivery volume, indicating reduced investor participation. Despite recent underperformance compared to the Sensex, the stock remains above key moving averages, suggesting a generally positive trend.
As of 05-Sep, Shri Ahimsa Naturals Ltd is experiencing a price increase, currently at 217.00, reflecting a change of 1.2 (0.56%) upward. The stock has shown a positive performance over the past month with a return of +14.85%, significantly outperforming the Sensex, which only gained +0.36% during the same period. However, it is important to note that the stock's delivery volume has decreased by 57.32% compared to the 5-day average, indicating a decline in investor participation. Despite this, the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in its price movement.Broader Market Context: In the short term, the stock's performance over the past week has been negative at -0.50%, while the Sensex has increased by +1.29%. This indicates that while the stock has performed well over the past month, it has struggled to keep pace with the broader market recently. The liquidity of the stock remains adequate, as it is based on 2% of the 5-day average traded value, allowing for trades of small sizes. Overall, the stock's recent rise can be attributed to its strong monthly performance, despite the recent dip in investor participation and short-term underperformance compared to the benchmark.
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