Why is Sumeru Industrie falling/rising?
As of 22-Sep, Sumeru Industries Ltd is currently priced at 2.14, reflecting a 2.88% increase. The stock has recently outperformed its sector and shown a trend reversal, but its longer-term performance remains mixed with a year-to-date decline of 3.60%.
As of 22-Sep, Sumeru Industries Ltd is experiencing a price increase, currently at 2.14, which reflects a change of 0.06 or 2.88% upward. Today's price summary indicates that the stock has outperformed its sector by 2.46% and has shown a trend reversal after two consecutive days of decline. While the stock is currently above its 5-day and 20-day moving averages, it remains below its longer-term moving averages (50-day, 100-day, and 200-day). Additionally, there has been a slight decrease in investor participation, with delivery volume falling by 3.08% against the 5-day average. The positive and negative factors section is unavailable, which limits further insights into specific influences on the stock's recent movement.In the broader market context, Sumeru Industries' short-term performance over the past week shows a gain of 0.47%, which is slightly better than the Sensex's increase of 0.46%. However, over the past month, the stock has underperformed with a decline of 0.47%, contrasting with the Sensex's rise of 1.05%. Year-to-date, Sumeru Industries has seen a decline of 3.60%, while the Sensex has gained 5.15%. Despite the recent uptick, the stock's longer-term performance remains mixed, with a notable 6.47% increase over the past year, compared to the Sensex's decline of 2.82%.
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