Why is Starcom Info. falling/rising?
As of 15-Oct, Starcom Information Technology Ltd's stock price is Rs 78.94, down 2.0%, and has declined 27.58% over the last 16 days. The stock has significantly underperformed compared to the Sensex, which has gained 5.72% year-to-date, while Starcom has dropped 31.36%.
As of 15-Oct, Starcom Information Technology Ltd is experiencing a decline in its stock price, currently at Rs 78.94, reflecting a decrease of 1.61 (-2.0%). The stock has been on a downward trend, having underperformed its sector by 2.42% today and has seen consecutive losses for the last 16 days, resulting in a total decline of 27.58% during this period. Additionally, the stock's performance over the past week shows a significant drop of 9.59%, and it has decreased by 26.21% over the last month. The stock is currently trading lower than its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. Notably, investor participation has sharply declined, with delivery volume falling by 97.67% compared to the 5-day average, indicating a lack of interest from investors.In the broader market context, the Sensex has shown resilience, gaining 1.02% over the past week and 1.00% over the last month, while Starcom's performance has been significantly negative in comparison. Year-to-date, the stock has dropped 31.36%, contrasting sharply with the Sensex's gain of 5.72%. Over the past year, Starcom's decline of 48.24% stands in stark contrast to the Sensex's modest increase of 0.96%. This disparity highlights the stock's struggle against a generally stable market, further exacerbated by the recent lack of liquidity and investor engagement.
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