Why is Starcom Info. falling/rising?
As of 24-Oct, Starcom Information Technology Ltd is currently priced at Rs 79.63, reflecting a 5.0% increase despite a significant decline of 30.76% year-to-date. While it shows short-term recovery, its long-term performance remains negative, with a 40.31% drop over the past year.
As of 24-Oct, Starcom Information Technology Ltd is experiencing a price increase, currently at Rs 79.63, which reflects a rise of 3.79 or 5.0%. Despite opening the day with a loss of 5%, the stock reached an intraday high of Rs 79.63, indicating a recovery from its earlier low of Rs 72.05. The stock has shown high volatility today, with an intraday fluctuation of 5%, and has outperformed its sector by 5.31%. However, the stock's performance over the past month has been poor, with a decline of 23.94%, and year-to-date it has dropped by 30.76%. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 85.12% compared to the 5-day average.In the broader market context, the Sensex has only increased by 0.31% over the past week, suggesting that Starcom's short-term recovery is relatively strong compared to the benchmark. However, the stock's longer-term performance is concerning, as it has declined by 40.31% over the past year, while the Sensex has risen by 5.18%. This indicates that while there may be short-term gains, the overall trend for Starcom remains negative compared to the broader market.
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