Why is Sri Chakra Cem. falling/rising?
As of 31-Oct, Sri Chakra Cement Ltd's stock price is Rs 87.82, down 2.0% and has declined 7.74% over the last four days. Despite being above longer-term moving averages, it underperforms against the Sensex and the broader market, reflecting a recent downward trend.
As of 31-Oct, Sri Chakra Cement Ltd's stock price is currently at Rs 87.82, reflecting a decline of Rs 1.79 or 2.0%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 7.74% during this period. Today, it opened with a loss of 2% and has not traded outside this price range. In terms of performance against benchmarks, the stock has decreased by 5.90% over the past week, while the Sensex has only seen a slight decline of 0.32%. Additionally, despite the stock being higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages, indicating a recent downward trend. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In the broader market context, while the Sensex has gained 3.65% over the past month, Sri Chakra Cement Ltd has seen a decline of 4.28% during the same period. This stark contrast highlights the stock's underperformance relative to the market. The rising investor participation, indicated by a 12.29% increase in delivery volume, suggests some interest in the stock, but it has not been sufficient to counteract the recent price declines. Overall, the stock's performance is not aligned with the broader market trends, contributing to its current downward trajectory.
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