Why is Solitaire Mach. falling/rising?
As of 08-Aug, Solitaire Machine Tools Ltd's stock price is Rs 122.75, down 5.9%, and has underperformed significantly with a 13.37% decline over the last four days. The stock is trading below all moving averages, indicating a bearish trend and decreased investor participation.
As of 08-Aug, Solitaire Machine Tools Ltd is experiencing a decline in its stock price, currently at Rs 122.75, which represents a decrease of 7.7 points or 5.9%. The stock has been underperforming, having lost 13.37% over the last four days, and it has opened today with a gain of 3.49% before hitting a day's low of Rs 122.75. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The recent performance metrics show that the stock has underperformed its sector by 5.03% today, and its delivery volume has significantly decreased by 64.32% compared to the five-day average, suggesting falling investor participation.In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 13.04% compared to the Sensex's drop of only 0.92%. Over the past month, Solitaire Machine Tools Ltd has also underperformed, with a decline of 18.63% against the Sensex's 4.60% decrease. Despite a strong year-to-date return of 12.41% and a substantial increase of 532.73% over the last five years, the recent trends indicate a significant downturn in investor sentiment and market performance relative to the broader market.
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