Why is Solve Plastic falling/rising?
As of 29-Aug, Solve Plastic Products Ltd is priced at 27.60 with no change, underperforming its sector by 0.46%. The stock has declined 4.83% over the past week and 22.25% over the past month, significantly lagging behind the Sensex, which has gained 3.31% year-to-date.
As of 29-Aug, Solve Plastic Products Ltd is currently priced at 27.60, with no change in price (0.00%). The stock has underperformed its sector by 0.46% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.83%, and it has experienced a significant drop of 22.25% over the past month. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 68.75% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the Sensex has declined by 1.78% over the past week and by 1.59% over the past month, indicating that the market is experiencing some downward pressure. However, Solve Plastic's performance is significantly worse than the benchmark, particularly with a year-to-date decline of 39.21% compared to the Sensex's gain of 3.31%. This stark contrast highlights the stock's struggles relative to the overall market, suggesting that specific challenges faced by Solve Plastic are contributing to its poor performance.
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