Why is SP Refractories falling/rising?
As of 11-Sep, SP Refractories Ltd is priced at 120.00 with no change, reflecting a downward trend as it trades below all key moving averages. The stock has seen a significant decline in investor participation and has dropped 31.37% year-to-date, contrasting sharply with the broader market's positive performance.
As of 11-Sep, SP Refractories Ltd is currently priced at 120.00, showing no change (0.00%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 72.22% compared to the 5-day average. Over the past week, the stock has decreased by 4.91%, and it has experienced a substantial decline of 18.37% over the past month. Year-to-date, the stock is down 31.37%, while it has also fallen by 29.97% over the past year. 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 Sensex has shown a positive return of 1.10% over the past week and 1.71% over the past month, contrasting sharply with SP Refractories' negative performance. This suggests that while the overall market is experiencing gains, SP Refractories is lagging significantly behind, which may be contributing to the stock's downward pressure. The stark difference in performance indicates that investor sentiment towards SP Refractories is weak compared to the broader market, further exacerbating its price decline.
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