Why is Srivasavi Adhes. falling/rising?
As of 16-Sep, Srivasavi Adhesive Tapes Ltd's stock price is 64.75, down 4.36%, and has underperformed its sector by 5.53%. The stock has declined 34.50% over the past year, contrasting with the Sensex's minor decrease, indicating challenges in attracting investor interest.
As of 16-Sep, Srivasavi Adhesive Tapes Ltd is experiencing a decline in its stock price, currently at 64.75, which reflects a decrease of 2.95 or 4.36%. The stock has underperformed its sector by 5.53% today, and while it is higher than its 5-day and 20-day moving averages, it remains 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 41.18% against the 5-day average. Over the past year, the stock has seen a significant decline of 34.50%, contrasting sharply with the Sensex, which has only decreased by 0.57%.In the broader market context, the stock's short-term performance over the past week shows a gain of 0.94%, but this is less than the Sensex's increase of 1.49%. Year-to-date, Srivasavi Adhesive Tapes Ltd has underperformed the benchmark significantly, with a decline of 33.83% compared to the Sensex's gain of 6.74%. This stark contrast in performance highlights the challenges faced by the company in attracting investor interest, especially in light of the falling delivery volumes and overall liquidity, which may contribute to the stock's recent downward trend.
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