Why is Srivasavi Adhes. falling/rising?
As of 22-Sep, Srivasavi Adhesive Tapes Ltd's stock price is declining at 59.80, down 2.84%, and has underperformed its sector. The stock has dropped 11.67% over the past week and 38.89% year-to-date, contrasting with a positive market performance.
As of 22-Sep, Srivasavi Adhesive Tapes Ltd is experiencing a decline in its stock price, currently at 59.80, which reflects a decrease of 1.75 or 2.84%. The stock has underperformed its sector by 2.14% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 11.67%, and year-to-date, it has fallen by 38.89%. Although there has been a rise in investor participation with a 74.7% increase in delivery volume on September 19, the overall negative performance in returns suggests ongoing challenges for the company.In the broader market context, the Sensex has shown a positive return of 0.53% over the past week, contrasting sharply with Srivasavi Adhesive Tapes Ltd's decline. This indicates that while the market is generally performing well, the company is struggling significantly. The stock's year-to-date performance is also notably worse than the benchmark, which has gained 6.59% during the same period. The absence of any positive factors in the provided data further emphasizes the difficulties faced by the company, contributing to the downward pressure on its stock price.
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