Why is Srivasavi Adhes. falling/rising?
As of 09-Sep, Srivasavi Adhesive Tapes Ltd is experiencing a price increase to 64.15, up 3.47%, but has seen a significant decline in investor participation and is down 34.44% year-to-date. Despite today's rise, the stock has struggled over the longer term compared to the benchmark.
As of 09-Sep, Srivasavi Adhesive Tapes Ltd is experiencing a price increase, with the current price at 64.15, reflecting a rise of 2.15 or 3.47%. The stock has outperformed its sector today by 3.89%, although it is currently trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Notably, the stock has seen a significant decline in investor participation, with delivery volume dropping by 71.83% compared to the 5-day average. Year-to-date, the stock is down 34.44%, and over the past year, it has decreased by 38.32%, indicating a challenging longer-term performance despite today's positive movement.In the broader market context, the stock's short-term performance over the past week shows a return of 5.16%, which is significantly higher than the Sensex's return of 1.18% for the same period. This suggests that while the stock is currently rising, it has struggled considerably over the longer term compared to the benchmark, which has gained 5.18% year-to-date. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, the recent price increase appears to be a short-term rebound amidst a backdrop of longer-term underperformance.
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