Why is SP Refractories falling/rising?
As of 19-Sep, SP Refractories Ltd is priced at 108.30 with no change, underperforming its sector and showing a bearish trend. The stock has declined 5.00% over the past week and 38.06% year-to-date, contrasting sharply with the Sensex's positive performance.
As of 19-Sep, SP Refractories Ltd is currently priced at 108.30, showing no change (0.00%). The stock has underperformed its sector by 0.58% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 5.00%, and it has experienced significant losses of 26.33% over the past month and 38.06% year-to-date. However, there has been a notable increase in investor participation, with delivery volume rising by 114.29% against the 5-day average, suggesting some interest despite the overall negative performance. 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, SP Refractories' recent performance contrasts sharply with the Sensex, which has gained 0.85% over the past week and 1.39% over the past month. The stock's year-to-date decline of 38.06% also stands in stark contrast to the Sensex's positive return of 7.11% during the same period. This underperformance highlights the challenges faced by SP Refractories in attracting investor confidence compared to the overall market, which has shown resilience.
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