Why is Storage Tech falling/rising?
As of 01-Sep, Storage Technologies & Automation Ltd's stock price is Rs 70.00, down 2.94%, significantly underperforming its sector and the broader market. The stock has shown erratic trading, decreased delivery volume, and substantial year-to-date and annual declines of 57.29% and 62.74%, respectively.
As of 01-Sep, Storage Technologies & Automation Ltd is experiencing a decline in its stock price, currently at Rs 70.00, which reflects a decrease of Rs 2.12 or 2.94%. The stock has underperformed its sector by 3.67% today and has shown erratic trading patterns, not trading on one day out of the last 20. Additionally, the stock has touched an intraday low of Rs 70 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also significantly decreased, with a drop of 79.17% against the 5-day average, indicating falling investor participation. Year-to-date, the stock has declined by 57.29%, while over the past year, it has fallen by 62.74%, highlighting a significant downward trend.In the broader market context, the Sensex has only decreased by 2.43% over the past year, indicating that Storage Technologies & Automation Ltd's performance is considerably worse than the overall market. In the short term, the stock's 1-week return of -9.09% and 1-month return of -11.95% also reflect a stark contrast to the Sensex's decline of just 1.56% and 0.29%, respectively. This suggests that while the market has been relatively stable, Storage Technologies & Automation Ltd has faced substantial challenges, leading to its current price decline.
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