Why is Siyaram Recycli. falling/rising?
As of 22-Sep, Siyaram Recycling Industries Ltd's stock price is Rs 113.25, down 2.91%, with a year-to-date decline of 20.25%. The stock has underperformed its sector and the benchmark Sensex, indicating weak investor participation and unfavorable market conditions.
As of 22-Sep, Siyaram Recycling Industries Ltd is experiencing a decline in its stock price, currently at Rs 113.25, which reflects a decrease of Rs 3.4 or 2.91%. The stock has underperformed its sector by 4.55% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.12% during this period. Additionally, the stock has shown a negative performance over the past month, down 1.52%, and a significant year-to-date decline of 20.25%. The stock's trading activity indicates a lower delivery volume, which has decreased by 15.58% compared to the 5-day average, suggesting falling investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.46% over the past week, Siyaram Recycling Industries Ltd has shown a stronger performance with a 5.40% increase. However, the stock's longer-term performance is concerning, as it has underperformed the benchmark significantly year-to-date and over the past year. The Sensex has increased by 5.15% year-to-date, while Siyaram's stock has declined by 20.25%, indicating a stark contrast in performance and suggesting that broader market conditions may not be favoring the stock at this time.
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