Why is Srigee DLM falling/rising?
As of 23-Sep, Srigee DLM Ltd's stock price is at 155.00, having increased by 0.85% today but showing a significant decline of -29.19% over the past month. The stock is trading below its moving averages, indicating a bearish trend, and has seen decreased investor participation, contributing to its volatility.
As of 23-Sep, Srigee DLM Ltd's stock price is currently at 155.00, reflecting an increase of 1.3 (0.85%). Despite this uptick, the stock has shown a negative performance over the past week, with a decline of -0.32%, and a significant drop of -29.19% over the past month. Today's trading saw the stock open down by -2.24%, reaching an intraday low of Rs 150.25 before recovering to its current price. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by -27.22% compared to the five-day average, which may contribute to the stock's volatility.Broader market context shows that the Sensex has experienced a slight decline of -0.34% over the past week, while it has gained +0.98% over the past month. This suggests that the broader market is relatively stable compared to the significant drop in Srigee DLM's stock price. The stock's performance today has outperformed its sector by 0.68%, indicating some resilience in the face of broader market trends. However, the overall negative returns over the past month and the falling investor participation could be weighing on investor sentiment, leading to cautious trading behavior despite today's slight recovery.
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