Why is Sugal & Damani falling/rising?
As of 18-Nov, Sugal & Damani Share Brokers Ltd's stock price is Rs 71.05, down 4.95%, and has fallen 12.28% over the last three days. The stock is underperforming significantly compared to the market, with a year-to-date decline of 11.48% against the Sensex's rise of 8.36%.
As of 18-Nov, Sugal & Damani Share Brokers Ltd is experiencing a decline in its stock price, currently at Rs 71.05, which represents a decrease of Rs 3.7 or 4.95%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 12.28% during this period. Today, it opened with a loss of 4.75% and reached an intraday low of Rs 71.05. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 30.64% against the 5-day average, the overall performance remains negative, with the stock underperforming its sector by 4.17%. There is no information available regarding positive or negative factors that could influence the stock's movement.Broader market context shows that Sugal & Damani's short-term performance has been significantly weaker than the benchmark, with a 1-week return of -10.63% compared to the Sensex's gain of 0.96%. Over the past month, the stock has declined by 13.35%, while the Sensex has increased by 0.86%. Year-to-date, Sugal & Damani has fallen by 11.48%, contrasting sharply with the Sensex's rise of 8.36%. This stark difference in performance highlights the challenges faced by the company relative to the broader market, contributing to the ongoing decline in its stock price.
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