Why is Solitaire Mach. falling/rising?
As of 30-Sep, Solitaire Machine Tools Ltd's stock price is declining at 122.90, down 3.42%, and has underperformed its sector. Despite strong long-term performance, recent trends indicate volatility and a challenging short-term outlook.
As of 30-Sep, Solitaire Machine Tools Ltd is experiencing a decline in its stock price, currently at 122.90, which reflects a decrease of 4.35 or 3.42%. The stock has underperformed its sector by 4.31% today and has been on a consecutive downward trend for the last two days, with a total decline of 4.21% during this period. Although it opened with a gain of 2.16% and reached an intraday high of Rs 130, it also touched a low of Rs 120.35, indicating significant volatility. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 34.07% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the stock has shown a 1.28% increase over the past week, contrasting with a 2.23% decline in the Sensex, indicating relative strength in the short term. However, over the past month, Solitaire Machine Tools Ltd has underperformed with a decline of 1.68%, while the Sensex has gained 0.57%. Year-to-date, the stock has outperformed the benchmark with a return of 12.55% compared to the Sensex's 2.72%. Despite its strong long-term performance, with a 553.72% increase over the past five years versus the Sensex's 110.85%, the recent short-term trends suggest a challenging environment for the stock.
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