Why is Srivari Spices & falling/rising?
As of 24-Oct, Srivari Spices & Foods Ltd's stock price is Rs 141.00, down 2.25%, with significant underperformance reflected in a -35.04% year-to-date return, contrasting with the Sensex's positive gains. The stock is trading below all key moving averages and is close to its 52-week low, indicating ongoing challenges and reduced investor participation.
As of 24-Oct, Srivari Spices & Foods Ltd is experiencing a decline in its stock price, currently at Rs 141.00, which represents a decrease of Rs 3.25 or 2.25%. The stock has underperformed significantly, with a 1-week return of -3.59% and a 1-month return of -8.41%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being only 2.13% away from Rs 138. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 59.46% compared to the 5-day average.In the broader market context, the Sensex has shown a positive return of 0.33% over the past week and 2.95% over the past month, contrasting sharply with the negative performance of Srivari Spices & Foods Ltd. This divergence indicates that while the overall market is experiencing gains, the company is struggling significantly, reflected in its year-to-date return of -35.04% compared to the Sensex's 9.09%. The lack of available positive factors further emphasizes the challenges faced by the company, contributing to the ongoing decline in its stock price.
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