Why is Srigee DLM falling/rising?
As of 16-Sep, Srigee DLM Ltd's stock price is Rs 155.50, down 7.33%, significantly underperforming its sector and the broader market. The stock is trading below all moving averages, with a notable drop in investor participation and is close to its 52-week low.
As of 16-Sep, Srigee DLM Ltd's stock price is currently at Rs 155.50, reflecting a decline of Rs 12.3 or 7.33%. The stock has underperformed significantly today, with a performance that is 7.89% lower than its sector. It opened with a loss of 2.26% and reached an intraday low of Rs 154.5, indicating a bearish trend after three consecutive days of gains. Additionally, the stock is trading below all its moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 60.57% compared to the five-day average. The stock is also close to its 52-week low, just 3.47% away from Rs 150.1. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Srigee DLM's performance over the past week shows a decline of 6.44%, while the benchmark Sensex has increased by 1.58%. Over the past month, the stock has experienced a significant drop of 40.52%, contrasting sharply with the Sensex's rise of 2.21%. This stark difference highlights the stock's underperformance relative to the broader market, suggesting that specific challenges faced by Srigee DLM are contributing to its declining price amidst a generally positive market environment.
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