Why is Srigee DLM falling/rising?
As of 06-Oct, Srigee DLM Ltd's stock price is Rs 132.20, down 4.55% and near its 52-week low. The stock has underperformed significantly compared to the broader market, declining 22.42% over the past month while the consumer durables sector has gained.
As of 06-Oct, Srigee DLM Ltd's stock price is currently at Rs 132.20, reflecting a decrease of Rs 6.3 or 4.55%. The stock has recently underperformed, having fallen after two consecutive days of gains, and opened with a loss of 3.94% today. It is also close to its 52-week low, just 0.11% away from Rs 132.05. Over the past week, the stock has declined by 3.61%, and over the past month, it has seen a significant drop of 22.42%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. There is no information available regarding positive or negative factors that might influence the stock's recent movement.Broader market context shows that while Srigee DLM's stock has declined, the benchmark Sensex has gained 1.77% over the past week and 1.34% over the past month. This stark contrast highlights the stock's underperformance relative to the broader market. Furthermore, the consumer durables sector, which includes Srigee DLM, has gained by 2.41%, suggesting that the stock's decline is not reflective of the overall sector's performance. Despite a rise in investor participation, as indicated by an increase in delivery volume, the stock's liquidity remains adequate for trading, but the overall market sentiment appears to be weighing heavily on its price.
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