Why is Sri Chakra Cem. falling/rising?
As of 15-Sep, Sri Chakra Cement Ltd's stock price is Rs 72.17, down 4.99% after nine consecutive days of decline totaling 19.14%. The stock has underperformed its sector and the benchmark Sensex, indicating significant selling pressure and reduced investor participation.
As of 15-Sep, Sri Chakra Cement Ltd's stock price is currently at Rs 72.17, reflecting a decrease of Rs 3.79 or 4.99%. The stock has been on a downward trend, having fallen for the last nine consecutive days, resulting in a total decline of 19.14% during this period. Today, it opened with a loss of 4.88% and reached an intraday low of Rs 72.17. Additionally, the stock has underperformed its sector by 5.38%. In terms of returns, over the past week, the stock has decreased by 12.35%, while it has shown a modest increase of 0.42% over the past month. Notably, the stock's delivery volume has significantly dropped by 51.19% compared to its five-day average, indicating falling investor participation.Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.24% over the past week, Sri Chakra Cement Ltd's performance has been notably weaker. The Sensex has also shown a positive return of 1.47% over the last month, while the stock has only managed a slight gain of 0.42%. Despite a remarkable year-to-date return of 2086.97%, the recent trends suggest that the stock is facing significant selling pressure, which is not reflected in the broader market's positive movements. The liquidity of the stock remains adequate for trading, but the declining investor interest may continue to weigh on its price.
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