Why is SP Refractories falling/rising?
As of 10-Sep, SP Refractories Ltd is priced at 120.00 with no change, underperforming its sector by 1.49% and trading below all key moving averages. The stock has declined 4.91% over the past week and 31.37% year-to-date, indicating a bearish trend and reduced investor interest.
As of 10-Sep, SP Refractories Ltd is currently priced at 120.00, with no change in price (0.00%). The stock has underperformed its sector today by 1.49%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased, falling by 72.22% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has decreased by 4.91%, and it has experienced a substantial decline of 31.37% year-to-date, reflecting ongoing challenges for the company.In the broader market context, the Sensex has increased by 1.04% over the past week, contrasting sharply with SP Refractories' negative performance. While the benchmark has shown a positive return of 2.50% over the past month, SP Refractories has declined by 18.37% in the same period. This disparity indicates that the stock is not only underperforming relative to the market but also struggling to attract investor interest, which is reflected in its declining trading volumes and overall negative returns compared to the benchmark.
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