Why is Sonalis Consumer falling/rising?
As of 24-Sep, Sonalis Consumer Products Ltd's stock price is Rs 62.00, down 2.78%, and has underperformed its sector by 3.47%. The stock has been on a downward trend for three days, with a total loss of 3.28%, and is trading below all major moving averages, indicating a bearish outlook and reduced investor interest.
As of 24-Sep, Sonalis Consumer Products Ltd is experiencing a decline in its stock price, currently at Rs 62.00, which represents a decrease of Rs 1.77 or 2.78%. The stock has underperformed its sector by 3.47% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 3.28% during this period. It opened with a loss of 2.37% and reached an intraday low of Rs 62. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 65.52% compared to the 5-day average, suggesting a lack of interest among investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 4.63%, while the benchmark Sensex has only decreased by 1.18%. Over the past month, Sonalis Consumer has fallen by 1.59%, contrasting with the Sensex's modest gain of 0.50%. Year-to-date, the stock has declined by 9.93%, while the Sensex has increased by 4.58%. This stark difference highlights the stock's underperformance relative to the broader market, contributing to the negative sentiment surrounding it.
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