Why is Solarium Green falling/rising?
As of 08-Aug, Solarium Green Energy Ltd's stock price is Rs 325.70, down 5.59%, and has underperformed its sector by 4.08%. The stock has declined 11.07% over the last four days and is trading below all major moving averages, indicating ongoing challenges in both short-term and broader market performance.
As of 08-Aug, Solarium Green Energy Ltd is experiencing a decline in its stock price, currently at Rs 325.70, which reflects a decrease of Rs 19.3 or 5.59%. The stock has underperformed its sector by 4.08% today and has been on a downward trend for the last four days, accumulating a total loss of 11.07% during this period. It opened with a loss of 3.04% and reached an intraday low of Rs 325.70. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While there has been a notable increase in investor participation, with delivery volume rising by 251.06% against the 5-day average, there are no positive or negative factors explicitly mentioned that could provide further context for the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 10.42%, significantly worse than the Sensex, which has only decreased by 0.92%. Over the past month, Solarium Green has dropped 27.09%, while the benchmark has fallen by 4.60%. This stark contrast indicates that the stock is not only struggling in the short term but is also facing challenges relative to the overall market performance. The lack of positive factors in the dashboard further emphasizes the challenges the company is facing, contributing to the ongoing decline in its stock price.
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