Why is Sula Vineyards falling/rising?
As of 06-Aug, Sula Vineyards Ltd's stock price is declining at 278.70, down 0.64%, and has lost 4.55% over the last six days. The stock is trading below all major moving averages and has underperformed significantly compared to the Sensex, with a year-to-date decline of 33.33%.
As of 06-Aug, Sula Vineyards Ltd is experiencing a decline in its stock price, currently at 278.70, which reflects a decrease of 1.8 or 0.64%. The stock has been on a downward trend, having lost value for the last six consecutive days, resulting in a total decline of 4.55% during this period. Additionally, Sula Vineyards is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 25.38% compared to the 5-day average, suggesting a reduction in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's movement.In the broader market context, Sula Vineyards has underperformed compared to the benchmark Sensex, which has seen a decline of only 1.15% over the past week while Sula Vineyards has dropped by 4.39%. Over the past month, Sula's performance is also notably worse, with a decline of 8.32% compared to the Sensex's 3.46% drop. Year-to-date, Sula Vineyards has fallen significantly by 33.33%, while the Sensex has gained 3.08%. This stark contrast in performance highlights the challenges faced by Sula Vineyards in the current market environment.
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