Why is Sumeru Industrie falling/rising?
As of 31-Oct, Sumeru Industries Ltd's stock price is declining at 2.06, down 1.9%, and has underperformed its sector. Despite a significant increase in investor participation, the stock has fallen 7.21% year-to-date and 11.97% over the past year, contrasting with the broader market's positive performance.
As of 31-Oct, Sumeru Industries Ltd is experiencing a decline in its stock price, currently at 2.06, which reflects a decrease of 0.04 or 1.9%. The stock has underperformed its sector by 1.17% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.44%, while it has shown no change over the past month. Year-to-date, Sumeru Industries has declined by 7.21%, and over the past year, it has fallen by 11.97%. However, there has been a notable increase in investor participation, with delivery volume rising by 277.04% against the 5-day average, indicating some interest despite the overall downward trend.In the broader market context, the Sensex has shown a slight decline of 0.32% over the past week and a positive return of 3.65% over the past month, contrasting with Sumeru's performance. Year-to-date, the Sensex has increased by 7.42%, highlighting a significant disparity between the stock's performance and the benchmark index. This suggests that while the overall market is experiencing growth, Sumeru Industries is struggling to keep pace, contributing to its recent price decline. The absence of specific positive or negative factors in the dashboard limits further insights into the reasons behind the stock's movement.
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