Why is Shrydus Indust. falling/rising?
As of 29-Sep, Shrydus Industries Ltd's stock price is at 4.83, down 3.4%, and has significantly underperformed with a 70.92% decline over the past year. The stock is currently below key moving averages and has seen a sharp drop in investor participation, reflecting a challenging market environment.
As of 29-Sep, Shrydus Industries Ltd is experiencing a decline in its stock price, currently at 4.83, which reflects a decrease of 0.17 or 3.4%. The stock has been underperforming, having lost 5.11% over the last three days and is currently lower than the 5-day, 20-day, 100-day, and 200-day moving averages, although it remains above the 50-day moving average. Additionally, the stock has underperformed its sector by 4.07% today, and there has been a significant drop in investor participation, with delivery volume falling by 56.08% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 70.92%, while year-to-date it is down 64.69%.In the broader market context, the Sensex has also shown a decline of 2.18% over the past week, indicating a challenging environment for stocks in general. However, Shrydus Industries' performance has been notably worse than the benchmark, particularly in the short term, where it has dropped 4.36% compared to the Sensex's decline. Despite a positive return of 25.78% over the last month, the overall trend remains negative, with the stock struggling significantly in the longer term, as evidenced by its year-to-date and one-year returns.
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