Why is Sri Ramakr. Mill falling/rising?
As of 14-Nov, Sri Ramakrishna Mills (Coimbatore) Ltd's stock price is Rs 46.74, down 6.5%, and has underperformed its sector by 5.57%. The stock is in a bearish trend, trading below all key moving averages, with significant declines in investor participation and a year-to-date drop of 29.49%.
As of 14-Nov, Sri Ramakrishna Mills (Coimbatore) Ltd is experiencing a decline in its stock price, currently at Rs 46.74, which reflects a decrease of Rs 3.25 or 6.5%. The stock has underperformed its sector by 5.57% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 44.99, marking a 10% drop, and has shown high volatility with an intraday volatility of 5.26%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has decreased significantly, with delivery volume dropping by 55.32% compared to the 5-day average, suggesting a lack of confidence among investors.In the broader market context, the stock's performance over the past week shows a decline of 9.26%, while the benchmark Sensex has increased by 1.62%. Over the past month, the stock has decreased by 4.59%, contrasting with the Sensex's gain of 3.09%. Year-to-date, Sri Ramakrishna Mills has seen a substantial decline of 29.49%, while the Sensex has risen by 8.22%. This stark contrast highlights the stock's underperformance relative to the broader market, contributing to the negative sentiment surrounding it.
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