Why is SPP Polymer falling/rising?
As of 04-Sep, SPP Polymer Ltd's stock price is at 17.00, up 1.8% today, with increased delivery volume indicating higher investor interest. Despite a short-term gain of 3.03% over the past week, the stock has declined 2.86% over the past month and 47.85% year-to-date, underperforming the benchmark Sensex's 4.61% gain.
As of 04-Sep, SPP Polymer Ltd's stock price is currently at 17.00, reflecting an increase of 0.3 or 1.8%. The stock has shown a positive performance today, outperforming its sector by 2.34%. Additionally, the delivery volume on September 3 has risen by 66.67% compared to the 5-day average, indicating increased investor participation. However, while the stock has gained 3.03% over the past week, it has experienced a decline of 2.86% over the past month and a significant year-to-date drop of 47.85%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.95% over the past week, SPP Polymer's short-term return is notably stronger. However, over the longer term, the stock's year-to-date performance is significantly lagging behind the benchmark's gain of 4.61%. This suggests that while the stock is currently experiencing a positive short-term trend, its overall performance remains under pressure compared to the broader market.
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