Why is SP Refractories falling/rising?
As of 09-Sep, SP Refractories Ltd's stock price is at 120.00, down 4.91%, and has underperformed its sector significantly. The stock has seen a year-to-date decline of 31.37%, contrasting with the broader market's positive performance.
As of 09-Sep, SP Refractories Ltd is experiencing a decline in its stock price, currently at 120.00, which represents a decrease of 6.2 or 4.91%. The stock has underperformed its sector by 4.8% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 73.68% against the 5-day average. Over the past week, the stock has decreased by 4.91%, while its performance over the past month shows a more substantial decline of 18.37%. Year-to-date, the stock is down 31.37%, indicating a prolonged period of underperformance.In the broader market context, the Sensex has shown a positive return of 1.18% over the past week and 2.07% over the past month, contrasting sharply with SP Refractories' negative returns. This divergence suggests that while the overall market is experiencing gains, SP Refractories is struggling significantly. The stock's year-to-date performance of -31.37% also highlights its challenges compared to the Sensex, which has gained 5.18% in the same period. The lack of available positive or negative factors further complicates the outlook for SP Refractories, as there are no specific catalysts mentioned that could influence its price movement positively.
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