Why is Srigee DLM falling/rising?
As of 24-Sep, Srigee DLM Ltd's stock price is Rs 152.00, down 0.69%, and has declined 3.71% over three days, underperforming the Sensex. The stock is trading below all key moving averages, with a significant drop in delivery volume, indicating a bearish trend and reduced investor interest.
As of 24-Sep, Srigee DLM Ltd is experiencing a decline in its stock price, currently at Rs 152.00, which reflects a decrease of Rs 1.05 or 0.69%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 3.71% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a drop of 68.55% compared to the 5-day average, suggesting a reduction in investor participation. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.Broader market context shows that Srigee DLM's performance over the past week has been worse than the benchmark Sensex, with the stock down 2.22% compared to the Sensex's decline of 1.18%. Over the past month, Srigee DLM has seen a substantial drop of 30.56%, while the Sensex has gained 0.50%. This stark contrast highlights the stock's significant underperformance relative to the broader market, contributing to the negative sentiment surrounding it.
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