Why is Sri Chakra Cem. falling/rising?
As of 16-Sep, Sri Chakra Cement Ltd's stock price is Rs 68.57, down 4.99% and has declined 23.17% over the last 10 days, contrasting sharply with its year-to-date increase of 1977.88%. The stock has underperformed against the benchmark Sensex, which has gained 1.58% over the past week.
As of 16-Sep, Sri Chakra Cement Ltd's stock price is currently at Rs 68.57, reflecting a decrease of Rs 3.6 or 4.99%. The stock has been on a downward trend, having underperformed its sector by 6.16% today and experiencing a consecutive fall over the last 10 days, resulting in a total decline of 23.17% during this period. Despite a significant year-to-date increase of 1977.88%, the recent performance indicates a stark contrast, with the stock down 15.03% over the past week and 4.59% over the past month. 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 gained 1.58% over the past week, Sri Chakra Cement's performance has been notably poor. The Sensex has also shown a positive return of 2.21% over the last month, while Sri Chakra Cement's stock has declined. This underperformance against the benchmark highlights the challenges the company is facing in the current market environment, despite its remarkable year-to-date performance.
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