Why is Shubhshree Bio. falling/rising?
As of 17-Jul, Shubhshree Biofuels Energy Ltd's stock price is at 440.00, down 1.88%. Despite today's decline, the stock has outperformed the Sensex over the past week and month, indicating strong overall performance recently.
As of 17-Jul, Shubhshree Biofuels Energy Ltd's stock price is currently at 440.00, reflecting a decrease of 8.45 points or 1.88%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 8.75% and 13.04%, respectively. However, today's performance indicates that it has underperformed its sector by 1.1%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. Nevertheless, there has been a significant drop in investor participation, with delivery volume falling by 72.73% compared to the 5-day average, which may be contributing to the current price decline. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Shubhshree Biofuels has outperformed the benchmark Sensex over the past week and month, with respective returns of 8.75% compared to a decline of 0.96% for the Sensex in the same week and a gain of 13.04% against a 1.04% increase over the month. Year-to-date, the stock has also surpassed the benchmark, returning 10.55% versus the Sensex's 6.20%. This indicates that while the stock is currently experiencing a decline, it has been performing well relative to the broader market in the recent past.
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