Why is Shri Venkatesh falling/rising?
As of 01-Aug, Shri Venkatesh Refineries Ltd's stock price is Rs 249.00, down 0.8%, but it has generated a 90.08% return over the past year and outperformed the BSE500 index consistently. Despite today's decline, the stock remains above key moving averages and shows strong investor interest, with a 21.52% increase over the past month.
As of 01-Aug, Shri Venkatesh Refineries Ltd is experiencing a decline in its stock price, currently at Rs 249.00, which reflects a decrease of Rs 2.0 or 0.8%. The stock has shown strong performance over the past year, generating a remarkable 90.08% return, and has consistently outperformed the BSE500 index in each of the last three annual periods. Despite today's decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 42.05% against the 5-day average, suggesting continued interest in the stock.In the broader market context, the stock's performance over the past week shows a gain of 2.05%, while the Sensex has declined by 1.06%, indicating that Shri Venkatesh is outperforming the benchmark in the short term. Over the past month, the stock has increased by 21.52%, contrasting sharply with the Sensex's drop of 3.70%. This strong relative performance highlights the stock's resilience despite today's slight dip, suggesting that investor sentiment remains positive overall, even as the stock approaches its 52-week high, just 2.41% away from Rs 255.
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