Why is SKP Securities falling/rising?
As of 11-Aug, SKP Securities Ltd's stock price is Rs 121.25, down 4.34%, and has underperformed its sector by 5.03% today. The stock has seen a significant year-to-date decline of 43.06%, contrasting sharply with the Sensex's gain of 3.15%.
As of 11-Aug, SKP Securities Ltd is experiencing a decline in its stock price, currently at Rs 121.25, which represents a decrease of Rs 5.5 or 4.34%. The stock has underperformed its sector by 5.03% today, touching an intraday low of Rs 120.25. Additionally, the stock has shown a significant decline over the past month, down 7.72%, and a year-to-date drop of 43.06%. The trading volume has also decreased, with delivery volume falling by 51.09% compared to the 5-day average, indicating a lack of investor participation. The stock's moving averages indicate it is performing lower than the 5-day, 20-day, 50-day, and 200-day averages, although it remains higher than the 100-day moving average.In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has decreased by only 0.51% over the past week. While SKP Securities has shown a positive return of 213.31% over the last three years, its recent performance has been significantly weaker, with a year-to-date decline that starkly contrasts with the Sensex's gain of 3.15%. This divergence highlights the challenges SKP Securities is facing in the current market environment, contributing to its recent price decline.
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