Why is Sri Lak.Sar.Arni falling/rising?
As of 19-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is priced at 36.40, showing no change and a downward trend as it trades below all key moving averages. The stock has declined 7.85% over the past week and 14.75% over the last year, underperforming compared to the Sensex, which has gained 0.88% in the same period.
As of 19-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is currently priced at 36.40, with no change observed (0.00%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, the delivery volume has decreased by 30.12% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has fallen by 7.85%, and year-to-date, it has decreased by 6.67%. The stock's performance over the last year shows a decline of 14.75%, while it has seen a significant drop of 26.24% over the past three years. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 0.88% over the past week and 1.20% over the past month. While the Sensex has shown a year-to-date increase of 5.74%, Sri Lakshmi Saraswathi Textiles has lagged significantly, indicating that the stock is underperforming relative to the market. This disparity in performance may contribute to investor sentiment and the stock's current price stagnation.
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