Why is Standard Battery falling/rising?
As of 18-Nov, Standard Batteries Ltd's stock price is Rs 53.55, down 0.83%, and has fallen for four consecutive days, totaling a 5.67% decline. The stock is trading below all moving averages and is close to its 52-week low, with significantly reduced investor participation.
As of 18-Nov, Standard Batteries Ltd is experiencing a decline in its stock price, currently at Rs 53.55, which reflects a decrease of Rs 0.45 or 0.83%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.67% during this period. Additionally, it is trading lower than all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock is also close to its 52-week low, being just 2.33% away from Rs 52.3. Furthermore, there has been a significant drop in investor participation, with delivery volume on 17 November falling by 69.24% compared to the 5-day average.In the broader market context, the stock's performance over the past week shows a slight increase of 0.13%, but this is notably lower than the Sensex, which has risen by 0.96% during the same period. Over the past month, Standard Batteries Ltd has seen a decline of 3.44%, while the Sensex has gained 0.86%. Year-to-date, the stock has dropped significantly by 28.31%, contrasting sharply with the Sensex's increase of 8.36%. This underperformance against the benchmark indicates a challenging environment for the stock, contributing to its recent price decline.
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