Why is Shri Keshav falling/rising?
As of 13-Oct, Shri Keshav Cements & Infra Ltd's stock price is Rs 246.00, down 4.98% today and 11.14% over the last four days. Despite strong long-term performance, recent declines and reduced investor participation indicate a shift in sentiment.
As of 13-Oct, Shri Keshav Cements & Infra Ltd's stock price is currently at Rs 246.00, reflecting a decline of Rs 12.9 or 4.98%. The stock has been underperforming, having lost 11.14% over the last four days, and today it opened with a gain of 4.09% but quickly fell to its intraday low of Rs 246. The stock has shown strong performance over longer periods, with a 34.43% increase over the past month and a staggering 809.43% rise over the last five years. However, the recent trend indicates a decrease in investor participation, with delivery volume dropping by 34.12% compared to the five-day average, which may be contributing to the stock's current downward movement.In the broader market context, the stock has underperformed the Sensex by 4.5% today, despite the benchmark index showing a modest gain of 0.66% over the past week. While the stock has had a strong year-to-date return of 23.62% compared to the Sensex's 5.36%, the recent consecutive declines suggest a shift in investor sentiment. The stock's liquidity remains adequate for trading, but the falling investor participation could signal caution among traders, impacting the stock's ability to maintain its previous upward momentum.
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