Why is Subhash Silk falling/rising?
As of 25-Aug, Subhash Silk Mills Ltd is priced at 58.38 with no change, having declined 4.98% over the past week and 14.65% over the past month, while underperforming against the Sensex. The stock shows a bearish trend, trading below all key moving averages, despite a slight increase in delivery volume indicating some investor interest.
As of 25-Aug, Subhash Silk Mills Ltd is currently priced at 58.38, with no change in price (0.00%). The stock has shown a negative performance over the past week, down 4.98%, and a significant decline of 14.65% over the past month. Despite this, the stock has outperformed its sector today by 0.63%. However, it has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while the stock has experienced erratic trading, with no trades on 2 out of the last 20 days, there has been a slight increase in delivery volume, suggesting some rising investor participation. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Subhash Silk Mills Ltd has underperformed compared to the Sensex, which has gained 0.45% over the past week, while the stock has declined. Year-to-date, the stock is down 20.13%, contrasting sharply with the Sensex's increase of 4.48%. This disparity highlights the stock's struggles relative to the broader market, despite a strong performance over the past year and three years, where it has gained 137.32% and 194.55%, respectively. Overall, the recent price movements suggest a challenging environment for Subhash Silk Mills Ltd, compounded by its underperformance against market benchmarks.
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