Why is Shubham Polyspin falling/rising?
As of 04-Aug, Shubham Polyspin Ltd is priced at 34.00, down 0.87%. Despite recent declines, the stock has gained 29.77% over the past month, outperforming the Sensex, but a 42.64% drop in delivery volume indicates reduced investor interest.
As of 04-Aug, Shubham Polyspin Ltd is currently priced at 34.00, reflecting a decrease of 0.3, or 0.87%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.16%. Despite this, the stock has shown strong performance over the past month, with a return of 29.77%, significantly outperforming the Sensex, which has declined by 2.89% during the same period. However, the stock's delivery volume has decreased by 42.64% compared to the 5-day average, indicating a drop in investor participation. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Shubham Polyspin's short-term performance over the past week has been positive, with a return of 1.22%, while the Sensex has only gained 0.16%. This suggests that, although the stock is currently experiencing a decline, it has been performing relatively well compared to the benchmark in the short term. However, the significant drop in investor participation and the consecutive days of decline may be contributing to the current downward pressure on the stock price.
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