Why is Standard Battery falling/rising?
As of 06-Aug, Standard Batteries Ltd's stock price is declining at 58.00, down 0.14%, and has underperformed its sector and the broader market significantly. The stock has dropped 37.73% over the past year and 22.36% year-to-date, with a notable decrease in investor participation.
As of 06-Aug, Standard Batteries Ltd is experiencing a decline in its stock price, currently at 58.00, which reflects a decrease of 0.08 or 0.14%. The stock has underperformed its sector by 0.51% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 54.24% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 37.73%, while the year-to-date performance shows a decrease of 22.36%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term performance over the past week shows a decline of 4.61%, which is significantly worse than the benchmark Sensex's drop of only 1.15%. This trend of underperformance continues in the one-month period, where Standard Batteries Ltd has decreased by 8.62% compared to the Sensex's decline of 3.46%. The stark contrast in performance suggests that the stock is struggling more than the overall market, contributing to its falling price.
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