Why is Sukhjit Starch falling/rising?
As of 12-Nov, Sukhjit Starch & Chemicals Ltd's stock price is Rs. 155.50, down 1.58%, and has reached a 52-week low of Rs. 152.1. The stock has underperformed significantly against the benchmark, with a year-to-date decline of 41.21% compared to the Sensex's 8.10% rise.
As of 12-Nov, Sukhjit Starch & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs. 155.50, which reflects a decrease of Rs. 2.5 or 1.58%. The stock has hit a new 52-week low of Rs. 152.1 today and has underperformed its sector by 2.66%. Over the last two days, the stock has seen a consecutive fall, accumulating a total return of -3.66%. Additionally, it is trading below all its moving averages, indicating a bearish trend. Despite a rise in delivery volume by 46.52% compared to the 5-day average, there are no available positive factors to counterbalance the negative performance.Broader market context shows that Sukhjit Starch's performance has been significantly weaker than the benchmark, with a 1-week return of -4.01% compared to the Sensex's gain of 1.21%. Over the past month, the stock has declined by 5.59%, while the Sensex has increased by 2.38%. Year-to-date, Sukhjit Starch has plummeted by 41.21%, contrasting sharply with the Sensex's 8.10% rise. This stark difference in performance highlights the challenges faced by Sukhjit Starch in the current market environment.
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