Why is Silver Oak (I) falling/rising?
As of 03-Nov, Silver Oak (India) Ltd's stock price is Rs 107.00, down 4.97%, with a significant decline of 18.51% over the last four days and 14.44% over the past week. Despite long-term gains, recent performance is notably worse than the market benchmark, indicating a challenging recovery environment.
As of 03-Nov, Silver Oak (India) Ltd is experiencing a decline in its stock price, currently at Rs 107.00, which represents a decrease of Rs 5.6 or 4.97%. The stock has been underperforming, having lost 18.51% over the last four days and is down 14.44% over the past week. Today's trading activity indicates that the stock has touched an intraday low of Rs 107, with a weighted average price reflecting more volume traded close to this low. Additionally, investor participation has decreased significantly, with delivery volume falling by 56.59% compared to the five-day average. The stock's performance year-to-date shows a substantial decline of 72.23%, despite a strong 60.85% increase over the past month.In the broader market context, the Sensex has only declined by 0.94% over the past week, highlighting that Silver Oak's short-term performance is significantly worse than the benchmark. While the stock has shown impressive gains over longer periods, such as a 184.95% increase over three years and a staggering 740.53% over five years, its recent performance contrasts sharply with the overall market. The current liquidity of the stock remains adequate for trading, but the ongoing decline in investor interest and the stock's inability to maintain momentum against both its moving averages and the benchmark suggest a challenging environment for recovery.
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