Why is Siyaram Recycli. falling/rising?
As of 28-Aug, Siyaram Recycling Industries Ltd's stock price is at 110.25, down 1.39%, and has declined 4.92% over the last two days. The stock is trading below all major moving averages, indicating a bearish trend and underperformance compared to the Sensex.
As of 28-Aug, Siyaram Recycling Industries Ltd is experiencing a decline in its stock price, currently at 110.25, which reflects a decrease of 1.55 or 1.39%. The stock has been losing value for the last two days, resulting in a total drop of 4.92% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 19.75% compared to the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 2.43%, which is slightly worse than the benchmark Sensex's decline of 2.34%. Over the past month, Siyaram Recycling has fallen by 18.39%, contrasting sharply with the Sensex's modest decline of only 1.00%. Year-to-date, the stock has underperformed significantly, with a drop of 22.36%, while the Sensex has gained 2.48%. This underperformance relative to the benchmark indicates that the stock is struggling in the current market environment.
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