Why is Shri Niwas PP falling/rising?
As of 05-Sep, Shri Niwas Leasing & Finance Ltd Partly Paidup has seen a price increase to Rs. 8.20, marking a 4.99% rise and a new 52-week high. The stock has gained 51.57% over the last nine days, significantly outperforming the Sensex and indicating strong upward momentum.
As of 05-Sep, Shri Niwas Leasing & Finance Ltd Partly Paidup is experiencing a price increase, with its current price at Rs. 8.20, reflecting a rise of 0.39 or 4.99%. The stock has hit a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last nine days, resulting in a remarkable 51.57% increase during this period. Additionally, the stock has outperformed its sector by 4.5%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that the stock has significantly outperformed the benchmark index, Sensex, with a 1-week return of 26.15% compared to the Sensex's 1.13%. Over the past month, the stock has surged by 80.62%, while the Sensex remained flat with a 0.00% change. This stark contrast in performance highlights the stock's strong bullish trend relative to the broader market, contributing to its rising price.
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