Why is Silkflex Polymer falling/rising?
As of 17-Sep, Silkflex Polymers (India) Ltd is priced at 92.50, with a weekly return of +2.83% and a monthly increase of +10.12%, outperforming the Sensex. However, it has underperformed its sector today and has a year-to-date return of +17.46%, despite a decline of -11.06% over the past year.
As of 17-Sep, Silkflex Polymers (India) Ltd is currently priced at 92.50, showing no change (0.00%). The stock has demonstrated a positive performance over the past week, with a return of +2.83%, and has outperformed the benchmark Sensex, which increased by +1.43%. Over the last month, Silkflex has risen by +10.12%, significantly exceeding the Sensex's +2.84%. Despite this positive trend, the stock has underperformed its sector today by -0.78%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also increased by 7.14% compared to the 5-day average, suggesting rising investor participation. There are no specific positive or negative factors available to further explain the stock's recent movement.In the broader market context, Silkflex's short-term performance is notably strong, particularly when compared to the Sensex, which has only gained +1.43% over the same week. Year-to-date, Silkflex has outperformed the benchmark with a return of +17.46% compared to the Sensex's +7.13%. However, it is important to note that the stock has experienced a decline of -11.06% over the past year, while the Sensex has remained relatively stable with a decrease of only -0.35%. This contrast highlights the stock's volatility and potential challenges despite its recent positive momentum.
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