Why is Srivari Spices & falling/rising?
As of 30-Sep, Srivari Spices & Foods Ltd's stock price is at 149.00, down 4.46%, with significant declines over the past month and year. The stock has underperformed compared to the Sensex and shows reduced investor participation, indicating a lack of confidence.
As of 30-Sep, Srivari Spices & Foods Ltd is experiencing a decline in its stock price, currently at 149.00, reflecting a decrease of 6.95, or 4.46%. The stock has shown a negative performance over the past week, down 1.26%, and has significantly underperformed over the past month with a decline of 5.07%. Year-to-date, the stock has dropped by 31.35%, and over the past year, it has decreased by 45.92%. Today's price summary indicates that while the stock outperformed its sector by 0.5%, it is trading higher than its 5-day and 20-day moving averages but lower than the 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 82.35% against the 5-day average, which may contribute to the stock's downward trend.In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.75% over the past month, while the stock has declined. This underperformance is further highlighted by the year-to-date comparison, where the Sensex has gained 4.09% while Srivari Spices & Foods Ltd has lost over 31%. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value, but the significant drop in delivery volume suggests a lack of investor confidence, which could be a contributing factor to the stock's current decline.
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