Why is Silgo Retail falling/rising?

Sep 26 2025 10:57 PM IST
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As of 26-Sep, Silgo Retail Ltd's stock price is at 64.05, down 5.01%. Despite strong long-term performance, recent declines are due to decreased promoter holding and underperformance compared to its sector and the broader market.
As of 26-Sep, Silgo Retail Ltd's stock price is currently at 64.05, reflecting a decrease of 3.38, or 5.01%. The stock has underperformed its sector today by 3.84%, and while it is higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. Over the past week, the stock has declined by 9.14%, and in the last month, it has fallen by 6.11%. Despite a strong year-to-date performance of 71.72% and a 47.58% increase over the past year, the recent drop can be attributed to a decrease in promoter holding, which now stands at 55.37%, and the overall market conditions reflected in the BSE Small Cap index, which has also fallen by 2.05%.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex declining only 2.65% over the past week and 0.23% over the past month. This indicates that while Silgo Retail has shown strong long-term performance, its recent struggles are more pronounced compared to the overall market. The company's positive financial results from June, including significant growth in net sales and profit after tax, suggest underlying strength; however, the recent decline in promoter holding and the stock's underperformance relative to both its sector and the broader market are contributing factors to its current price movement.
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