Why is SPP Polymer falling/rising?
As of 05-Sep, SPP Polymer Ltd's stock price is at 17.00, with a mixed performance showing a 4.62% increase over the past week but a 47.85% decline year-to-date. Despite outperforming the Sensex in the short term, the stock struggles with long-term investor interest and declining participation.
As of 05-Sep, SPP Polymer Ltd's stock price is currently at 17.00, showing no change (0.00%). The stock has experienced a mixed performance recently, with a 4.62% increase over the past week, but a significant decline of 5.03% over the last month and a staggering 47.85% drop year-to-date. Today's price summary indicates that the stock's performance is in line with the sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 21.05% against the 5-day average. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.In the broader market context, SPP Polymer's short-term return of +4.62% over the past week outperforms the Sensex, which has only increased by 1.29% during the same period. However, the stock's longer-term performance is concerning, as it has declined significantly year-to-date while the Sensex has gained 4.64%. This disparity highlights the challenges SPP Polymer faces in attracting investor interest despite a brief uptick in the short term.
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