Why is Shyam Telecom falling/rising?
As of 10-Nov, Shyam Telecom Ltd's stock price is declining at 12.43, down 3.12%, and has underperformed its sector and the benchmark Sensex significantly over the past month and year-to-date. The stock is trading below all major moving averages and has seen a substantial drop in investor participation.
As of 10-Nov, Shyam Telecom Ltd is experiencing a decline in its stock price, currently at 12.43, reflecting a decrease of 0.4 or 3.12%. The stock has underperformed its sector by 0.41% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.17% during this period. Additionally, Shyam Telecom is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decline of 4.97%, and it has significantly underperformed the benchmark Sensex over the past month and year-to-date, with returns of -7.93% and -34.23%, respectively. There is no information available regarding positive or negative factors impacting the stock.Broader market context indicates that while the Sensex has shown a slight increase of 1.25% over the past month and a gain of 6.91% year-to-date, Shyam Telecom's performance has been notably poor in comparison. The stock's recent decline is further exacerbated by a significant drop in investor participation, with delivery volume falling by 60.84% against the 5-day average. Overall, the broader market is performing better than Shyam Telecom, highlighting the company's struggles in the current trading environment.
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