Why is Srigee DLM falling/rising?

Aug 18 2025 11:19 PM IST
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As of 18-Aug, Srigee DLM Ltd's stock price is at 243.15, down 7.0% today and significantly underperforming with a 14.19% decline over the past month. The stock is trading below all major moving averages, indicating a bearish trend and a drastic drop in investor participation.
As of 18-Aug, Srigee DLM Ltd's stock price is currently at 243.15, reflecting a decline of 18.3 points or 7.0%. The stock has underperformed significantly today, opening with a loss of 10.56% and reaching an intraday low of Rs 233.85. Over the past week, the stock has decreased by 7.00%, and in the last month, it has fallen by 14.19%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Notably, there has been a drastic drop in investor participation, with delivery volume decreasing by 80% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.

In the broader market context, the Sensex has shown a slight increase of 0.83% over the past week, contrasting with Srigee DLM's significant decline. While the consumer durables sector, specifically electronics, has gained by 4.01%, Srigee DLM's performance has been notably poor, underperforming its sector by 11.04%. This divergence highlights the challenges faced by the company in the current market environment, as it struggles to attract investor interest and maintain liquidity.
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