Why is Srivasavi Adhes. falling/rising?
As of 18-Sep, Srivasavi Adhesive Tapes Ltd is priced at 64.60, showing a slight increase but significantly lagging in year-to-date performance with a decline of 33.98%. Despite a recent uptick and outperforming the Sensex in the short term, the stock faces challenges with reduced investor participation and a negative long-term trend.
As of 18-Sep, Srivasavi Adhesive Tapes Ltd is currently priced at 64.60, reflecting a slight increase of 0.1 (0.16%). The stock has outperformed its sector today by 0.81%, although it is trading higher than its 20-day moving averages but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has experienced a significant decline in investor participation, with delivery volume dropping by 86.96% compared to the 5-day average. In terms of returns, the stock has increased by 2.30% over the past week and 4.28% over the past month, but it remains down 33.98% year-to-date and 33.50% over the past year, indicating a challenging longer-term performance.Broader market context shows that while Srivasavi Adhesive Tapes Ltd has outperformed the Sensex in the short term, with a 1-week return of 2.30% compared to the Sensex's 1.67%, its year-to-date performance is significantly lagging behind the benchmark, which has gained 7.52%. This disparity highlights the stock's struggles in the broader market despite its recent uptick. The overall market sentiment appears to be more favorable, as indicated by the Sensex's positive returns, contrasting with the substantial declines experienced by Srivasavi Adhesive Tapes Ltd over the longer term.
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