Why is Sri Chakra Cem. falling/rising?
As of 17-Sep, Sri Chakra Cement Ltd's stock price is at 65.15, down 4.99% after 11 consecutive days of decline totaling 27%. Despite a significant year-to-date increase of 1874.24%, the stock has underperformed its sector and the broader market recently, indicating a lack of investor confidence.
As of 17-Sep, Sri Chakra Cement Ltd's stock price is currently at 65.15, reflecting a decrease of 3.42, or 4.99%. The stock has been on a downward trend, having fallen consecutively for the last 11 days, resulting in a total decline of 27% during this period. Today, the stock opened with a loss of 4.99% and reached an intraday low of the same price. Additionally, the stock has underperformed its sector by 5.98%. In terms of returns, the stock has seen a significant year-to-date increase of 1874.24%, but it has declined by 17.63% over the past week and 9.35% over the past month. There is no information available regarding positive or negative factors impacting the stock.Broader market context indicates that while the Sensex has gained 1.56% over the past week and 2.60% over the past month, Sri Chakra Cement Ltd has significantly underperformed in the short term. The stock's recent performance contrasts sharply with the benchmark, highlighting a lack of investor confidence as evidenced by a 48.08% drop in delivery volume compared to the five-day average. Despite being liquid enough for trading, the stock's movement suggests a challenging environment for investors, further exacerbated by its recent consecutive losses.
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