Why is Standard Battery falling/rising?
As of 26-Sep, Standard Batteries Ltd's stock price is Rs 57.10, down 0.7%, and has fallen 7.52% over the last four days. It is trading below all key moving averages and has underperformed the Sensex significantly, with a year-to-date decline of 23.56%.
As of 26-Sep, Standard Batteries Ltd is experiencing a decline in its stock price, currently at Rs 57.10, which reflects a decrease of Rs 0.4 or 0.7%. The stock has been underperforming recently, having fallen consecutively for the last four days, resulting in a total decline of 7.52% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While the stock is close to its 52-week low, it has outperformed its sector by 0.85%. There is a notable increase in investor participation, with delivery volume rising by 57% compared to the 5-day average, suggesting some interest despite the overall downward movement.In the broader market context, Standard Batteries Ltd has underperformed relative to the Sensex, with a 1-week return of -5.68% compared to the benchmark's -2.66%. Over the year-to-date, the stock has declined by 23.56%, while the Sensex has gained 2.93%. This stark contrast highlights the challenges faced by Standard Batteries Ltd in the current market environment. The stock's significant drop over the past year, at 32.58%, further emphasizes its struggles compared to the benchmark's decline of only 6.30%.
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