Why is Subam Papers falling/rising?
As of 15-Oct, Subam Papers Ltd is seeing a price increase to Rs 147.15, up 4.99%, with strong recent performance and heightened investor interest. Despite short-term gains, its year-to-date performance lags behind the Sensex.
As of 15-Oct, Subam Papers Ltd is experiencing a price increase, currently at Rs 147.15, reflecting a rise of 7.0 points or 4.99%. The stock has shown strong performance today, outperforming its sector by 4.46% and achieving consecutive gains over the last two days, with a total return of 10.22% during this period. It reached an intraday high of Rs 147.15, while the intraday low was Rs 137. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 262.37% compared to the 5-day average, suggesting heightened interest in the stock.In the broader market context, Subam Papers' 1-week return of +0.55% is slightly below the Sensex's return of +1.02%, while its 1-month return of +3.74% outperforms the benchmark's +1.00%. Year-to-date, the stock has gained +3.26%, which is less than the Sensex's +5.72%. This indicates that while the stock is performing well in the short term, it has lagged behind the benchmark over a longer timeframe. Overall, the combination of positive trading momentum, increased investor interest, and favorable technical indicators contributes to the stock's rising price.
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