Why is Shubhshree Bio. falling/rising?
As of 20-Oct, Shubhshree Biofuels Energy Ltd's stock price has declined to 406.90, down 4.25%, and has underperformed its sector. Despite a year-to-date gain of 2.24%, its recent performance contrasts sharply with the Sensex, which has risen significantly.
As of 20-Oct, Shubhshree Biofuels Energy Ltd is experiencing a decline in its stock price, currently at 406.90, which reflects a decrease of 18.05 points or 4.25%. The stock has underperformed its sector by 4.22% today, and its delivery volume has significantly dropped by 52.38% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is above its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week and month, the stock has also seen negative returns of 3.12% and 3.35%, respectively, contrasting sharply with the Sensex, which has gained 2.44% and 2.04% in the same periods. The positive and negative factors dashboard is not available for further insights.Broader Market Context: In the broader market context, Shubhshree Biofuels' recent performance has been notably weaker than the benchmark Sensex, particularly in the short term. While the stock has shown a year-to-date gain of 2.24%, this is significantly lower than the Sensex's 9.30% increase. The disparity in performance suggests that while the stock has had a strong year over the past year with a 73.15% increase, its recent downturn may be influenced by broader market trends favoring other sectors or stocks, as evidenced by the Sensex's positive movements during the same timeframe.
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