Why is Spinaroo Comm. falling/rising?
As of 18-Sep, Spinaroo Commercial Ltd's stock price is Rs 70.30, down 5.0% and underperforming its sector. Despite a recent monthly gain of 14.87%, the stock has lagged behind the broader market, which has seen positive movement.
As of 18-Sep, Spinaroo Commercial Ltd's stock price is currently at Rs 70.30, reflecting a decline of Rs 3.7 or 5.0%. Today's price summary indicates that the stock has underperformed its sector by 5.05%, reaching an intraday low of Rs 70.30. The stock's performance over the past week shows a decrease of 1.13%, while it has gained 14.87% over the past month. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 33.33% against the 5-day average, suggesting some interest despite the current price drop. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.80% over the past week and 2.14% over the past month, Spinaroo Commercial Ltd's recent performance has lagged behind, indicating a relative weakness in the stock's price movement. The broader market appears to be performing well, which further emphasizes the underperformance of Spinaroo Commercial Ltd in the short term.
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