Why is Starsource Multi falling/rising?
As of 17-Nov, Starsource Multitrade Ltd's stock price is Rs 116.00, down 6.68%, and has underperformed its sector. The stock is in a bearish trend, trading below all key moving averages, with a significant drop in investor participation.
As of 17-Nov, Starsource Multitrade Ltd is experiencing a decline in its stock price, currently at Rs 116.00, which reflects a decrease of Rs 8.3 or 6.68%. The stock has underperformed its sector by 6.32% today and has been on a downward trend, losing 7.2% over the last two days. The stock opened with a significant loss of 9.49% and reached an intraday low of Rs 104.55, marking a drop of 15.89%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume falling by 66.79% compared to the 5-day average.In the broader market context, the stock's performance over the past week shows a slight increase of 0.43%, while the benchmark Sensex has risen by 1.69%. Over the past month, Starsource Multitrade has decreased by 6.45%, contrasting with the Sensex's modest gain of 1.19%. Despite a strong performance year-to-date with a gain of 5.61%, the recent volatility and declining trading volumes suggest that investor sentiment is currently negative, contributing to the stock's recent price decline.
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