Why is Shubhlaxmi Jewel falling/rising?
As of 17-Sep, Shubhlaxmi Jewel Art Ltd's stock price is 15.50, up 1.31%, and has outperformed its sector today. Despite recent gains, it has a significant year-to-date decline of 55.59%, indicating ongoing challenges in the market.
As of 17-Sep, Shubhlaxmi Jewel Art Ltd is experiencing a price increase, with its current price at 15.50, reflecting a change of 0.2 or 1.31% upward. The stock has outperformed its sector today by 1.83%. However, it is important to note that while the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume dropping by 21.05% compared to the 5-day average. Over the past week, the stock has gained 3.33%, although it has seen a significant decline of 55.59% year-to-date.In the broader market context, the Sensex has increased by 1.43% over the past week, which is less than the stock's performance, indicating a relative strength in Shubhlaxmi Jewel compared to the benchmark. However, over the longer term, the stock has underperformed significantly, with a year-to-date decline of 55.59% compared to a 7.13% gain in the Sensex. This stark contrast highlights the challenges faced by Shubhlaxmi Jewel in the market, despite its recent short-term gains.
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