Why is Silveroak Comm falling/rising?
As of 10-Sep, Silveroak Commercial Ltd's stock price is at 6.32, down 3.95% and has underperformed significantly over the past week and month compared to the benchmark index, Sensex. Despite a long-term gain of 173.59% over three years, recent trends indicate a bearish outlook with declining investor participation.
As of 10-Sep, Silveroak Commercial Ltd's stock price is currently at 6.32, reflecting a decline of 0.26 or 3.95%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 9.71% over the past week. Additionally, the stock's performance today has underperformed its sector by 3.56%. The delivery volume has also decreased significantly, with a 33.43% drop compared to the 5-day average, indicating falling investor participation. While the stock is trading higher than its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a bearish trend. There is no information available regarding positive or negative factors impacting the stock.Broader market context shows that while Silveroak Commercial Ltd has experienced a decline, the benchmark index, Sensex, has gained 1.06% over the past week. This stark contrast highlights the stock's significant underperformance relative to the broader market. Over the past month, the stock has declined by 10.35%, while the Sensex has increased by 1.96%. The long-term performance of the stock over three years shows a substantial gain of 173.59%, but this is overshadowed by its recent short-term struggles compared to the benchmark's 36.18% increase in the same period.
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